United States Fourth Circuit

Opinions and predictions of what a party hopes or anticipates will happen are not statements of material fact, and where the other party continues with the contract in reliance on the opinions, it cannot claim common law fraud because it has assumed the risk that the predictions will not come to pass.

Appellate Information

• Argued 06/05/2001
• Decided 09/07/2001
• Published 09/07/2001

Judges

• Before WILKINSON, Chief Judge, NIEMEYER, Circuit Judge, and Irene M. KEELEY, Chief United States District Judge for the Northern District of West Virginia, sitting by designation.

Court

• United States Fourth Circuit

Counsel

• For Appellees:
  
• ARGUED:  David Boies, Boies, Schiller & Flexner, L.L.P., Armonk, NY, for Appellant. Paul J. Mode, Jr., Wilmer, Cutler & Pickering, Washington, DC, for Appellees. ON BRIEF:  Alan B. Vickery, Christopher M. Green, Boies, Schiller & Flexner, L.L.P., Armonk, NY;  Jonathan D. Schiller, Carol J. Nichols, Boies, Schiller & Flexner, L.L.P., Washington, DC, for Appellant.  David P. Donovan, Melanie D. Coates, Laura B. Kotanchik, Joshua R. Stebbins, Wilmer, Cutler & Pickering;  Thomas C. Green, Mark D. Hopson, Griffith L. Green, Kristin Graham Koehler, Sidley & Austin, Washington, DC, for Appellees.