DISCLAIMER: Any unofficial case summaries below are prepared by the clerk's office
as a courtesy to the reader. They are not part of the opinion of the court.
113611P.pdf 02/14/2013 BancorpSouth Bank v. Hazelwood Logistics Center
U.S. Court of Appeals Case No: 11-3611
and No: 11-3741
U.S. District Court for the Eastern District of Missouri - St. Louis
[PUBLISHED] [Chief Judge Riley, Author, with Smith and Colloton,
Circuit Judges]
Civil Case - diversity. District court had subject matter jurisdiction,
as nondiverse banks were not necessary parties, were not named in the suit,
and the named back was real party in interest. Forum selection clause was
unambiguous and was permissive, not mandatory, and did not prohibit bank from
bringing suit in federal court in Missouri. District court did not err in
granting summary judgment to the bank on its breach of contract claim or
breach of guaranty claim, rejecting Hazelwood's claim the doctrine of
commercial frustration relieved it of its obligations. District court did
not err in amending its judgment to include specific damage award, as motion
to amend was filed within time limits under FRAP 4(a)(4)(A)(vi), (B)(1), and
Hazelwood failed to factually contest the damages assessment in the district
court. District court properly granted summary judgment to bank on MPT's tax
refund claim, as bank had a perfected security interest in bank refund as a
general intangible and had priority over any equitable lien.