Green v. Johnson
Investors in trust deeds sued the broker who arranged the loans when the loans went into default. The trial court found the broker liable for negligent misrepresentation and breach of fiduciary duty, and awarded damages measured by the benefit of the bargain. The trial court also found the broker violated numerous provisions of the Business and Professions Code, and awarded restitution of commissions and fees.
On appeal, the broker contends the judgment for negligent misrepresentation and breach of fiduciary duty is not supported by substantial evidence. The investors have declined to submit a respondents' brief. We remand for a redetermination of damages. In all other respects we affirm.
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