Judge Trims Suit Blaming BB&T For Insurer's Takeover

Law360, New York (May 24, 2013, 4:02 PM EDT) -- A Florida federal judge Friday trimmed a suit brought by First Commercial Holdings Group Corp. accusing North Carolina bank Branch Banking & Trust Co. of misrepresenting the value of FCH's accounts at the bank, leading to regulators seizing FCH's insurance unit.

U.S. District Judge Cecilia M. Altonaga partially granted BB&T’s motion to dismiss by paring down FCH’s six-count complaint, agreeing to toss the claims for breach of fiduciary duty and promissory estoppel for failure to state a claim.

Florida-based FCH had accused BB&T of producing fake...
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