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Economic Loss Rule No Bar to Fraud Claim (access required)

In this dispute over defendants’ follow-through on multi-million dollar contracts to buy plaintiff’s coal, a Roanoke U.S. District Court says plaintiff’s claim for fraudulent inducement is not barred by the economic loss rule, and plaintiff may sue both defendant company and its owner. Plaintiff alleges defendant Ernie Thrasher, owner of defendant Xcoal Energy & Resources, represented ...

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