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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.