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Contract – Release – Tort/Negligence – Fraud – Reasonable Reliance Element – Labor & Employment – Severance Agreement (access required)

Kraus v. Wells Fargo Securities, LLC Plaintiff contends that defendant fraudulently induced him to sign a release by assuring him that it had investigated plaintiff’s allegations and produced a report; however, defendant threatened to fire plaintiff without severance if he asked to see the report. Plaintiff has not alleged that he reasonably relied on defendant’s alleged misrepresentations about the report when he signed a release as part of a severance package.


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