Fiduciary duty — escrow agent, established link

Posted May 19, 2014 2:47 PM

Updated June 23, 2014 12:14 PM

Where the plaintiffs never deposited loan funds with an escrow agent, the escrowee owed no duty to plaintiffs. The 7th U.S. Circuit Court of Appeals affirmed a decision by U.S. Magistrate Judge Donald G. Wilkerson, Southern District of Illinois. Steven Edelman, Will Furman and C. Bradford Jeffries entered into business with brothers Craig and John Nicholson and the brothers’ real estate development firm, Caseyville Sport Choice LLC. Caseyville was developing a multi-use real estate project in downstate …

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