Annett Holdings, Inc. v. Kum & Go, L.C.
Supreme Court of Iowa
801 N.W. 2d 499 (2011)
Relevant factsFree
Annett (plaintiff) accepted contractual responsibility for fraudulent Comdata credit-card purchases by its employees and reimbursed Comdata after a TMC employee defrauded a Kum & Go (defendant) fuel terminal; Annett, having no contract with Kum & Go, sued Kum & Go for negligence to recover its reimbursement costs, and the district court held the economic-loss rule barred the claim.
IssueFree
Whether the economic-loss rule bars negligence claims if the plaintiff has suffered only economic loss, even if there is no privity of contract between the plaintiff and the defendant.
Related cases
Grams v. Milk Products, Inc.699 N.W.2d 167 (2005)Sharyland Water Supply Corp. v. City of Alton354 S.W.3d 407 (2011)Local Joint Executive Board, Culinary Workers Union, Local No. 226 v. Stern651 P.2d 637 (1982)Casa Clara Condominium Association, Inc. v. Charley Toppino & Sons, Inc.620 So. 2d 1244 (Fla. 1993)LAN/STV v. Martin K. Eby Construction Co., Inc.435 S.W.3d 234 (Tex. 2014)