Republic Bank & Trust Company v. Bear Stearns & Company., Inc.

How courts have described this case

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

• holding that fraudulent statements must be specifically alleged, including the time and place the statements were made
• holding that fraudulent statements must be specifically alleged, including the time and place the statements were made
• holding that negligent misrepresentation requires Rule 9’s heightened pleading standard
• noting that courts had disagreed regarding whether Rule 9(b) applies to claims for negligent misrepresentation and concluding that it does apply to such a claim under Kentucky law
• explaining that while salespeople do not have “carte blanche to commit fraud” under Kentucky law, a buyer “should be on his guard and verify the seller’s statements before purchase”
• finding that we need not accept a “legal conclusion couched as a factual allegation”

Source: CourtListener parenthetical corpus (CC0).