Preview of Article:
Executive is Not Personally Liable
For Negligent Misrepresentation on Contract
Court says no claim is possible when claimant
has already obtained judgment against corporation
The executive officer of a nonprofit housing corporation cannot be held personally liable for giving false information to a builder when the builder has already obtained a judgment against the corporation for damages resulting from the adverse effects of the false information, according to a Court of Appeals in Ohio.
The Court has affirmed the decision of a trial court denying the recovery despite a jury verdict awarding the contractor damages of $467,000.
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