United States First Circuit

In a suit based on a promissory estoppel theory, based on allegations that plaintiffs agreed to personally guarantee certain loans in reliance on promises by defendant to invest in a joint business venture and to purchase plaintiffs' company, the district court's grant of summary judgment to defendant is affirmed where it correctly interpreted the Third Amended Complaint as abandoning any promissory estoppel argument based on a promise by defendant to invest $10 million in the effort to sell Environamics products.

Appellate Information

• Decided 06/28/2012
• Published 06/28/2012

Judges

• TORRUELLA

Court

• United States First Circuit

Counsel