Star Centers, Inc., Petitioner, Appellant v. Faegre & Benson, L.L.P., Respondent

Summary

The court affirmed summary judgment for the law firm, holding that information learned through a prospective lender's failed transaction and related litigation was not material to the firm's representation of the borrower. The information consisted only of an unexplained failure to fund a loan and unsupported allegations of fraud, which could not establish materiality as a matter of law. The court therefore did not reach the parties' remaining breach, conflict, or causation arguments.