This case arose after plaintiff became interested in purchasing a gas marketing company. Prior to borrowing $6 million to fund the purchase, plaintiff met with Reliant and received assurances that Reliant was entering into a lucrative contract with the gas marketing company. After plaintiff purchased the company based on Reliant’s assurances, Reliant refused to sign the contract, forcing the newly acquired gas marketing company to declare bankruptcy. Reliant moved for summary judgment on Plaintiff’s claims for fraud, negligent misrepresentation and promissory estoppels. The court denied the motion.