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Vermont Supreme Court Recognizes Exception to the Economic Loss Rule

Viji Durga  February 28, 2020   comments   Fraud

EB-5, EB-5 Visa, EB-5 Investment

Sutton v. Vermont Regional Center, 2019 VT 71 (Oct. 14, 2019)

Despite its longstanding reputation as liberal and sympathetic to plaintiffs, the Vermont Supreme Court has for a very long time strictly enforced the Economic Loss Rule (prohibiting tort claims to recover for purely economic harm). See, e.g., Breslauer v. Fayston School District, 163 Vt. 416, 659 A.2d 1129 (1995) (dismissing tort claim against former employer by disappointed applicant seeking a teaching job in new school district, and discussing need to “maintain a dividing line between contract and tort theories of recovery”);

Source: https://www.jdsupra.com/legalnews/vermont-supreme-court-recognizes-72043/

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