GE Capital Wins $5.4M Contract Dispute Over Loan

Law360, New York (March 2, 2011, 10:50 PM EST) -- A South Carolina federal judge ruled Wednesday that Bell Aviation Inc. breached an agreement with General Electric Capital Corp. by not immediately repaying GE Capital more than $5.4 million after defaulting on a loan the aircraft dealer used to purchase an airplane.

Judge Joseph Anderson Jr. of the U.S. District Court for the District of South Carolina granted GE Capital's motion for summary judgment on the issue of liability, though he ruled there was still a dispute of facts with respect to damages.

GE Capital launched...
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