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Commercial litigation-projections are not actionable representations

The Superior Court has granted summary judgment for a commercial creditor that funded the creation of a medical imaging center.  The court held that various projections in a business plan prepared by the creditor for the defendants did not constitute actionable representations that would bar plaintiff's claims or support defendants' counterclaims.  Defendants did not rely on some projections and plaintiff provided an adequate disclaimer for others.  Siemens Financial Services, Inc. v. Stonebridge Equipment Leasing LLC, P.B. 09-1677 (R.I. Super. Feb. 15, 2013).  http://www.sfandllaw.com/Practice-Areas/Business-Commercial-Litigation.shtml

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