Texas Appeals Court Tosses Contract Suit Against Chase Bank

Law360, New York (November 1, 2012, 8:11 PM EDT) -- A Texas appeals court on Thursday affirmed the dismissal of a breach of contract suit against a JPMorgan Chase Bank NA unit by a now-bankrupt developer who claimed the bank improperly stopped funding a Houston project and foreclosed on the property.

The Court of Appeals for the First District of Texas said that East Houston Estate Apartments LLC, in its appeal, only challenged two of the 11 grounds for summary judgment presented by Chase Bank of Texas NA in the trial court proceedings. Because the trial...
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