JP Morgan Chase Bank v. Winnick

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding in a fraudulent misrepresentation case that “sophisticated business entities are held to a higher standard”
• holding in a fraudulent misrepresentation case that “sophisticated business entities are held to a higher standard”
• that defendants knew banks would rely on representations in extending loans under credit agreement did not create special relationship distinct from contractual obligations
• “[I]n commercial contexts in which a contract exists, the duty attendant to the special relationship ‘must spring from circumstances extraneous to, and not constituting elements of the contract.’ ”
• only “direct” evidence of mistake or fraud or “arouse[d] suspicion” would make reliance unreasonable
• “[W]here a plaintiff actually knew at the time a representation was made that it was false, she cannot claim to have relied on the truth of that representation, and any injury she suffers is therefore not attributable to the defendant.”

Source: CourtListener parenthetical corpus (CC0).