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...
To view the full article, register now.




Case Information

Case Title

First Commercial Holdings Group Corporation v. Branch Banking and Trust Company

Case Number



Florida Southern

Nature of Suit

Fraud or Truth-In-Lending


Cecilia M. Altonaga

Date Filed

April 30, 2013

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.