DISCLAIMER: The following unofficial case summaries are prepared by the clerk's office
as a courtesy to the reader. They are not part of the opinion of the court.
123239P.pdf 09/08/2014 Bank of America v. JB Hanna
U.S. Court of Appeals Case No: 12-3239
and No: 12-3352
U.S. District Court for the Western District of Arkansas - Fayetteville
[PUBLISHED] [Colloton, Author, with Loken and Bye, Circuit Judges]
Civil case - Contracts. Defendant did not waive its right to a jury trial
with respect to a 2005 loan agreement, and the district court did not err
in submitting the matter to the jury; the plaintiff failed to file a
preverdict motion pursuant to Rule 50(a), and the district court properly
denied the defendant's Rule 50(b) motion; however, the district court
abused its discretion by denying plaintiff's Rule 59 motion for a new
trial as the verdict in favor of defendant on plaintiff's claim that
defendant breached the loan agreements was against the great weight of the
evidence, which showed the contracts were valid and enforceable, that the
defendants breached their obligations and that the plaintiff suffered
damages as a result of the breach; on defendants' cross-appeal, the
district court did not err in granting plaintiff's motion for summary
judgment on defendant's counter-claims for fraud, breach of fiduciary
duty, deceptive trade practices, negligence because the statute of
limitations barred the claims; nor did the court err in granting plaintiff
summary judgment on defendant's counterclaims for breach of contract or
reformation; the case is remanded for a new trial on plaintiff's breach of
contract claim; defendants' attorney's fees award vacated based on the
vacation of defendant's judgment on the breach of contract claim.