PNC Loses Bid For Quick Win In BB&T Contract Suit

Law360, New York (January 15, 2010, 2:44 PM EST) -- PNC Bank NA has lost its bid for summary judgment on a breach of contract claim in its suit accusing BB&T Corp. of mismanaging a participation agreement related to a $36.5 million construction loan issued by BB&T.

Judge Susan C. Bucklew of the U.S. District Court for the Middle District of Florida on Thursday denied PNC's March 4, 2009, motion for partial summary judgment, ruling that several genuine issues of material fact regarding the contract claim remained.

“The parties do not dispute the validity of the...
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