Alaska Fur Gallery, Inc. v. First National Bank Alaska

A family of business owners obtained a bank loan to invest in a fledgling hotel project. The family later sued the bank, alleging that one of its loan officers fraudulently induced them to invest in the project. This appeal centered on numerous aspects of the resulting superior court proceedings. In particular, the family claimed that the bank committed a fraud upon the court through inaccurate and inconsistent portrayals of the loan officer’s conduct. After review, the Supreme Court concluded that although some testimony offered by the bank may have been misleading, it was not sufficiently egregious as to constitute fraud upon the court. View "Alaska Fur Gallery, Inc. v. First National Bank Alaska" on Justia Law