A Monroe County judge has dismissed a property assessment company from a lawsuit alleging the company breached its duty to the buyer of a Pocono Mountains resort, holding that the company had entered into a contract with the financing company behind the purchase, not the buyer itself.
Court of Common Pleas Judge Stephen M. Higgins granted summary judgment motions from defendant LandAmerica Assessment Corp. related to breach of contract and tort claims. Higgins rejected the argument of plaintiff Hospitality Associates of Tannersville that it was an intended third-party beneficiary of the contract between its investment management shop, Marathon Asset Management, and LandAmerica, whom Marathon had sought out to do the property assessment.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
