Aliant Bank, a Division of Usameribank v. Four Star Investments, Inc. Aliant Bank, a Division of Usameribank V…

Summary

The court affirmed in part and reversed in part the judgments disposing of Aliant Bank's claims arising from the failed Twelve Oaks development. It held that the default judgment on the loan did not preclude later tort claims, that the improvement-district board members could owe duties to Aliant, and that several fraud and conspiracy claims presented fact issues. It affirmed judgments for defendants where Aliant lacked a legally cognizable duty, failed to prove reliance, asserted claims outside the applicable limitations period, or waived appellate arguments. The court remanded the reversed claims for further proceedings.