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ELLERIN v. FAIRFAX SAVINGS

No. 13, September Term, 1993.

337 Md. 216 (1995)

CHARLES ELLERIN ET AL. v. FAIRFAX SAVINGS, F.S.B.

Court of Appeals of Maryland.

February 3, 1995.

Attorney(s) appearing for the Case

David Freishtat (Stacie F. Dubnow, Freishtat & Sandler, all on brief), Baltimore, for petitioners.

George A. Nilson (Kurt J. Fischer, Marta D. Harting, Piper and Marbury, all on brief), Baltimore, for respondent.

Argued before MURPHY, C.J., and ELDRIDGE, RODOWSKY, McAULIFFE, CHASANOW, KARWACKI and BELL, JJ.

Opinion by ELDRIDGE, Judge.

This case concerns the appropriate standard for the availability of punitive damages in a tort action of fraud or deceit.

I.

The litigation arose from commercial real estate development loans. In 1982, Charles Ellerin and Louis Seidel decided to acquire four historic buildings in Westminster, Maryland, for commercial development. Ellerin and Seidel planned to develop the properties through a limited partnership, Sherwood...

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