7th Circ. Backs National City Bank In Contract Spat

Law360, New York (January 21, 2010, 1:01 PM EST) -- A federal appeals court has affirmed a lower court's decision to toss Reger Development LLC's breach of contract and fraud suit against National City Bank over the conditions surrounding a loan the bank made to the real estate development company.

A three-judge panel of the U.S. Court of Appeals for the Seventh Circuit on Wednesday ruled that the U.S. District Court for the Northern District of Illinois properly granted the bank's request to dismiss the action by rejecting Reger's argument that the bank had used form...
To view the full article, register now.