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Denial of motion to name correct defendant affirmed due to delay and lack of diligence

Day on Torts

Plaintiff argued that the substitution should relate back to the date of the original filing under Tennessee Rule of Civil Procedure 15.03, as JAK Foods had “received timely notice of the action and that it should have known that but for the mistake regarding its identity, the action would have been brought against it.”

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Tennessee HCLA Case Dismissed under Statute of Limitations.

Day on Torts

For HCLA claims, the discovery rule means that a “cause of action accrues when one discovers, or in the exercise of reasonable diligence should have discovered, both (1) that he or she has been injured by wrongful or tortious conduct and (2) the identity of the person or persons whose wrongful conduct caused the injury.”

Statute 59
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Tennessee Legal Malpractice Claim Filed Too Late

Day on Torts

Under the discovery rule, the limitations period will begin to run when “(1) the plaintiff suffers an ‘actual injury’ as a result of the defendant’s allegedly wrongful conduct, and (2) the plaintiff knew or in the exercise of reasonable diligence should have known that its injury was caused by the defendant’s alleged wrongful conduct.”

Legal 59
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Compensatory damages equal to amount plaintiff paid for home affirmed in fraud case.

Day on Torts

Where there was material evidence to show that plaintiff met her required due diligence, the jury verdict for plaintiff on her intentional misrepresentation and fraud claim was affirmed. While defendant asserted that there was insufficient evidence to show that plaintiff did her due diligence, the Court disagreed.

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Dismissal partially reversed based on fraudulent concealment.

Day on Torts

Taking the allegations in the complaint as true, the Court found that “a trier of fact could determine that Plaintiffs, in the exercise of reasonable care and diligence, could not have discovered this potential cause of their injury until January 2018 due to Defendants’ attempts to conceal this cause.”

Tort 59
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Summary judgment vacated where trial court order failed to give reasons for decision

Day on Torts

of the Tennessee Rules of Civil Procedure requires a trial court to “state the legal grounds upon which the court denies or grants the motion, and to include such statement in the order reflecting the trial court’s ruling.” Because the trial court did not give sufficient reasons for its decision, summary judgment was vacated on appeal.

Statute 59
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The Process of Buying or Selling a Business: M&A Purchase Agreements

Strictly Business

The purchase agreement is typically drafted by the buyer’s counsel after the letter of intent has been signed and the buyer has done enough due diligence to feel confident that it wants to pursue the transaction.