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Articles Posted in Business Torts

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Tennessee Appellate Court Reviews Business Tort Case

This case arises from the housing market crash. First Community Bank had purchased asset-backed securities primarily in the form of collateralized debt obligations (CDOs) and residential mortgage-backed securities (RMBSs) from a number of entities including First Tennessee Bank, Morgan Keegan & Company, Merrill Lynch, Pierce, Fenner & Smith, Inc., Bear Stearns…

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Consumer Protection Act Applies to Claim Against Financial Advisor

Judge Bill Koch has written a opinion that is worth a read by everyone who visits this blog. The case is Johnson v. John Hancock Funds, No. M2005-00356-COA-R3-CV (Tenn. Ct. App., M.S., June 30, 2006). Plaintiffs claimed that they received poor advice from their financial advisor and suffered a loss…

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