Result of security pacific poor financial condition

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Reference no: EM131707493

In the process of its recruitment of Peters, Security Pacific informed Peters that the company was doing "just fine" and Peters would have "a long tenure" at Security Pacific should he accept the position offered. In doing so, Security Pacific concealed its financial losses and the substantial, known risk that the project on which Peters was hired to work might soon be abandoned and Peters laid off. Peters accepted the position and moved from New Orleans to Denver to begin his new job. Two months later, Peters was laid off as a result of Security Pacific's poor financial condition. Does Peters have a cause of action?

Reference no: EM131707493

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