Evans v. United Bank, Inc. (Signed Opinion)
Annotate this CaseThe case involved an alleged fraudulent scheme involving United Bank and McQuade Appraisal Services (collectively, Respondents) to inflate the value of property in a residential development called Walnut Springs Mountain Reserve (Walnut Springs). Walnut Springs ultimately failed and was abandoned by the developer. Petitioners were owners of lots in Walnut Springs. The circuit court dismissed Petitioners’ claims, concluding, inter alia, that the majority of the claims were time-barred by the two-year statute of limitations. The Supreme Court (1) reversed the circuit court’s dismissal of Plaintiffs’ claims for fraud in the inducement and aiding and abetting fraud in the inducement, negligence, intentional or negligent infliction of emotional distress, breach of fiduciary duty, civil conspiracy, respondent superior, and punitive damages, as the claims were not time-barred; and (2) affirmed the circuit court’s dismissal of Plaintiffs’ remaining claims, holding that the court’s judgment regarding these claims was not in error.
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