SunTrust Ducks Claims Over $80M Notes Enforcement

Law360, Miami (January 17, 2014, 9:02 PM EST) -- A Florida federal judge on Thursday released SunTrust Banks from most of the claims in a suit claiming the bank was negligent in pursuing and enforcing $80 million in subordinated notes issued by bankrupt American Capital Corp.

U.S. District Judge Kathleen M. Williams dismissed plaintiff FBK Associates' negligence claims stemming from SunTrust's alleged failure to go after a $132 million judgment issued against ACC, claiming they were barred by the statute of limitations.

She also ruled that negligence claims related to SunTrust's alleged failure to consolidate...
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