Powell v. H.E.F. Partnership

How courts have described this case

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

• holding that “even outside its role as escrow, as a lender and participant in the sales of units[,] [defendant] may have had a duty to disclose to the plaintiffs information that it obtained without substantial investment[.]”
• holding escrow agent has a duty not only to strictly enforce escrow instructions but also to “disclose information about a known fraud being committed on the principal”
• bank, acting as escrow agent, breached fiduciary duty of disclosure to investors whose purchase money was being held by the bank when it failed to disclose a known fraud

Source: CourtListener parenthetical corpus (CC0).