Supreme Court of Alabama
Armstrong Business Services, Inc. v. Amsouth Bank and Leonard "Bo" Marks.
August 31, 20012001 Ala. LEXIS 304
Summary
The court affirmed summary judgment for AmSouth Bank and Marks on ABS's claims arising from unsuccessful negotiations for a proposed $5.2 million loan. It held that any purported loan commitment was void under the Statute of Frauds because no writing expressed consideration for the commitment, and that the bank owed ABS no independent duty supporting its suppression, negligence, wantonness, or supervision claims. No separate opinions were filed.