City National Bank v. Tress et al
Filing
62
MEMORANDUM OPINION. Signed by Judge James C. Turk on 7/26/13. (med)
CLERK' OFFI U,S, S7 COURT
S
CE
Dl .
AT ROANOKE.VA
FI
LED
J 26 2 1
Ut
93
I TH E U NI
N
TED STA TES D I
STR I T C O UR T
C
FO R T H E W ESTER N D ISTR ICT O F V IR G I IA
N
RO A N O K E D I ISIO N
V
C I NA TI N A L B AN K ,a natonal
TY
O
i
banki as oc at o as ac r of
ng s i i n,
qui er
cert n ass from t FederalD eposi
ai
ets
he
t
I
nsurance C orporat on actng as
i
i
r ce ver ofI pe i C a t Bank,
e i
m r al pi al
Pl ntf ,
ai i f
J
ULW DUD
BY; C.
D
E
.
,
CLE
RK
d //
E
LR
Ci lA cton N o. 7: cvvi
i
: 11- 73
M em orandum O pi on
ni
By:H on.Jam es C .T urk
Seni Unied St es Di t ctJudge
or t
at
s ri
M O I E TR ESS & Y EH U DA
SH
DA C H S,
D ef
endant
s.
Thi m a t r i bef e t Cour on Ciy N a i l Ba s M o i f Sum m a y J
s te s or he
t
t
tona nk'
ton or
r udgm e
nt
ag ns D ef nt Tr s ECF N o.53,a De enda t Tr s ' M o i n f Sum m a y J m e .
ai t enda
es ,
nd f
n e s s t o or
r udg nt
ECF N o. 57. Thi c s c e ns a $3, 000. c
1
s a e onc r
200, 00 omm e cal l n t t Tr s pe s ly
r i oa ha e s r onal
gua a ee The prm a y bo r r def ule a Ciy Na i l Ba s ks t e or e t
r nt d.
i r
rowe
a t d nd t
tona
nk ee o nf c he
gua a y. For t r s
r nt
he ea ons s t f r h be ow , t Pl i i f s M oton f Sl m a y J
e ot l
he a ntf
i or z
m r udgm e i
nt s
GR ANTED a t De e n ' M oton f Summ a yJ
nd he f nda ts i or
r udgm e ti DENI
n s
ED.
FA CT UA L A ND PR O C EDU R AL BA CK G RO UN D
I c n ie ig amoin frs mmayj d me t dhec u t sr q rd t ve t fcs
n o sd rn
to o u r u g n , t o r i e uie o iw he a t
t
a dr w r s bl i e e es i a lght m os f vor bl t t no ovi pa t ' Sha v.
nd a ea ona e nf r nc n i
t a a e o he nm ng r y.
' w
Stoud 1 F. 791 798(t Ci.1 .On Dec mbe 27,2006,I ilCa tlBa l ne
r , 3 3d ,
4h r 994)
e r
mpera pia nk oa d
$3, 00. t Roa
200, 00 o noke Hol ngs LLC (i noke Hol ngs'.Dee nt Tr sa Da hs
di ,
s
Roa
di ' fnda s es nd c ,
)
on be l ofRoa
haf
nokeHol ngs sgne aprmis r not (ç e' i fvo ofl ra Ca t
di , i d o soy e $ ' n a r mpe il pial
Not )
1Thi Cou tpr o l gr e Pli ifs uno
s
r eviusy antd antf'
ppos d M oto f Sum m ay J
e
in or
r udgm e agans D e e ntDac .
nt i t f nda
hs
EcF No.
28.
.
Ba pr sngt rpa t l nsont tr a c tonssae t r n. ac ton of
nk omii o e y he oa
he ems nd ondii ttd heei As ondii
Roa
noke H ol ngs r e vi t l n,I pe i l Ca t Ba a s r qui e pe s
di
ec i ng he oa m ra pial nk l o e r d r onal g r ntes
ua a i
fom Def nt Trs a Dac td mAy'l Defnda sagee t pa t moni d t r
r
enda s e s nd hs s
Guar t '. e nt r d o y he
es ue mde
t Not s ul Roa
he e, ho d
nokeHol ngsde a t
di
f ul.
On ora trNove be 1 2009,Roa
fe
m r ,
noke Hol ngsce s d ma ng payme son t No e
di
ae
ki
nt
he t
a D e e nt Tr s a D a hs ha not m a a pa e t a pe s na gua a or of t
nd f nda s e s nd c
ve
de ny ym n s s r o l r nt s
he
N ot
e.
Soon a trma ng t l n,I ralCa t lBa we ti o r everhi a t Fe r
fe ki he oa mpe i
pia nk n nt ec i s p nd he de al
De i I ur eCor ai (d C' wasa i e t r c i rf l ra CapialBa
post ns anc
porton $
FDl '
)
ppontd he e eve or mpeil t nk.
ECF No.59- ! 6.Thus t FDI be a t o rofaloft ba sases.1 U. C.j
1
, he C c me he wne
l he nk' s t 2 S.
18 ( ( ( .Ciy Nai lBa k (t ' t n purhaed fom t FDI ce ti a s t,
21d)2)A) t tona n (
CNB') he
c s r he C ran s es
i l ngt Not a Guaa y a is hee.ECFNo.59- j8.CNB aleg t ta al tme
ncudi he e nd rnt t sue r
1g
l es ha t l i s
r e tt t s m a t r as a quierof c rai as e s f o t FDI a tng a r ce ve ofI pe i l
el van o hi t e , c r
e t n s t r m he
C c i s e i r m ra
C a t lBa i i a orw as t ow ne ,hol r a o pe s e il t enf c t N ot a
pia nk, t s nd/
he
r de , nd/ r r on ntted o or e he
e nd
G uar y.
ant
I1.
LE GA L STA ND A RD
Su r j d me ti a r prae whee te mo a ti h ws t tt r i no g n ie
mmay u g n s pp o it
r h
v n < o ha hee s
s
e un
ds t a t a ymaeil a ta dt emo a ti e tte t j g n a amatro lw. Fe R.
ipue s o n tra fc n h v n s n i d o ud me t s te f a ' d.
l
'
Ci P.5 a.A ge ne is ofmaei fc e sswhe artona fdfnde ,c i rngt
v. 6( )
nui sue
tral a t xit
n ai l a i r onsdei he
e ie c i t es mmayj d me tr c r , o dfn i fvo o t eno mo igp ry. c iv.
vd n e n h u r u g n e o d c ul id n a r f h n- vn a t Ric
Destfno.557 U. 557,586(
ea
S.
2009) Thus s
. , ummayj
r udgme s d be e tr i t Co t
nt houl
need f he ur
fnds a tras r o rviw oft r c d,t tnor s na ejuy coul rt n avedi f
i , fe eupulus e e
he e or ha
ea o bl t'
d eur
r d or
t no movi pa t Se Eva v.Te hs Applc tons& Sev.Co.80F. 954,958 (t
he n- ng ry. e ns
c . iai
r
.
3d
-59 4h
Ci.1 )
r 996 .
W he c i rng cos - insf s
n onsde i r smoto or umma yj me ,t c tmus a yt sme
r udg nt he our t ppl he a
st
andard and cannot r ol genui i ues of m at i f M onum ent Pavi & Excavatng.
es ve
ne ss
eral act,
al
nc
i
l v.Pa Mfs'As' l .Co. 1 F. 79 797 ( h Ci.1 ) Thec r s d i onsde
nc. . r sn ns , 76 3d 4, 4t r 999 .
ou t houl t i r
c
a d r l u n e c pa t smoin s p rtl a d d tr n wh t r su may j d me t i
n ue po a h ry' to e aaey n eemie ehe tn r u g n s
a opr a e ast e ch unde t Rul 56 s a ar ' I
ppr i t
o a
r he e
t nd d. d.
'
11
1.
AN A LY SI
S
Be aus t Cour'j iditoni ba e ont di riyoft pa tes t Cour a i
c e he
ts urs ci s s d he ve st he ri ,he
t pples
t c c ofl w r e ofV igi a,t f um s a e.t r ni l w l
he hoi e a ul s
r ni he or
t t i gi a a ooks f vor bl upon c c of
vi
a a y
hoi e
l w cl us i a co r c , gi ng t m f l e f c e e i unus l c r um s a s' H ia hi
a
a es n
nt a t vi he ul f e t xc pt n
ua ic t nce . t c
'
Cr di Am.Cop .v.Si tBank,1 F. 61 624 ( h Ci.1 ) Bec us t pa tesc e
et
cne
66 3d 4, 4t r 999 . a e he ri hos
t l ppl r ni ubs a i a
vi gi a 1 w i t c r c , t e Cour w ila y V igi a s t ntve l w .
r ni a n he ont a t2 h
UnderV igi a l ,a guar y i
r ni aw
ant s
a i pende c r c ,by whi h t gua a or unde t ke , i m i i upo a
n nde
nt ont a t
c he
r nt
ra s n
tng, n
s f c entunde tki t be a wer bl f t d t o f t pe f m a of
ufi i
ra ng, o
ns a e or he eb , r or he r or nce
s e dut i ca e oft f iur of s e ot r pe s n w ho i prm a iy la e t
om
y, n s
he a l e
om
he r o
s i rl i bl o
pa or pe f m .l a a i n t e or e a i pe nt c r c of g r nt t
y
r or n n cto o nf c n nde nde ont a t
ua a y, he
oblgee i pr e ng o t g r nt not o t I de l ng not Thus t
i
s oce di
n he ua a y,
n he m r yi
e.
,o
r c r on a g r nt t o i e m us esabls a o ot t ngs t
e ove
ua a y, he blge
t t i h, m ng her hi , he
e s e e a o ne s p of t guar nt conta t t t r s of t pr m a y
xi t nc nd w r hi
he
a y
r c , he e m
he i r
o i ton a de a t on t t oblg ton by t d or a no ym e of t
blga i nd f ul
ha
iai
he ebt , nd npa nt
he
a ountdue f o t g r nt unde t t nnsoft g r nt c r t
m
r m he ua a or
r he e
he ua a y ontac .
2Un e S cin F u te (4 o teGu rny,h g rny kh lb g v r e b telwso tej rs ito i
d r eto o re n 1 ) f h aa t te uaa t t al e o en d y h a f h uidcin n
s
wh c t La i l c t d (h ç o e t J rs it n ' ' ECF No 5 Ex.C,5 1 .Un e p r g a h B o t e
ih he nd s o ae t e ç p ry u id ci ' .
pr
o l'
. 4,
4 d r a a rp
fh
Gu rny tnnsn td fn d i teGu rny ae d fn da i te S c rt lsnl n.ECF No 5 ,Ex.C,!B.
aa t, e
o eie n h aa t r eie s n h eu i n t me t
y
.4
Unde pa a aph A of t Guar nt t Se lrt I tum e i t de of t u t e cut d b Roa
r r gr
he
a y, he c ziy nsr nt s he ed r s xe e y
noke H ol ngs
di ,
LLC, No 5 ,Ex. !A, n t ef v ro t e o i ia ln e t s c r t er p y n o t en t . No 5 ,
ECF . 4
C, i h a o f h rgn l e d r o e u e h e a me t f h o e ECF . 4
Ex C, A.n scin1t o teSe ui l srme tt tr tand'sd tn da teln d srb di Ex iiA
. ! l e to () f h c rt ntu n ,he em ta 'i ei e s h a d e cie n hbt
y
l
teeo, ih i i Ro n k ,Vigna ECF No. 4 Ex B,j 1t.T rfr,h pat sc o eVigna1w i te
h rt whc s n a o e rii.
5, .
() heeoe te ri h s r ii a n h
e
Gua a y.
r nt
M c n l v.Na' En es Ic,5 7 S. 2 2 4,2 7 ( .2 01 (ne n lctto s o t d .
Do ad
tl tr. n . 4 E.d 0 0 Va 0 ) itr a i in mit )
a
e
Thus t rcove o agua a t a oblge mus etbls 1 t e se eml ownes p oft
,o e r n
r ny, n i e t sa ih: ) he xitnc d
rhi he
g rnt co rc;2)t tr oft prma y oblg ton;3)dea ton t toblg ton by t
uaa y nta t he ems he i r iai
ful ha iai
he
de or a 4)nonpayme oft a
bt ; nd
nt he mountd fom t guaa o unde t tr oft guarnt
ue r he rntr r he ems he a y
conta t I
r c . d.
CN B ha m e is i ta bur n of s i t a e e ofa ge ne i s ofm a e i f c
s t t nii l de
how ng he bs nc
nui s ue
t ral a t
as t e c of t f M c
o ah
he our Dona d el m e t i pa tby pr uci t g r nt co r c bea i
l e ns n r
od ng he ua a y nt a t rng
Tr s s gnat e. See ECF N o. 54, Ex. C . l t Guar y, Tr chos t ûabsol el
ess' i ur
n he
ant
ess
e o d
ut y,
unco tonal a irvo bl guaa e )t Le rt f l a pr
ndii ly nd re ca y rnteg o nde he ul nd omptpa me whe d '
y nt n ue.
'
J s t!B,j2. tr o teNoea d Gu r nyaece ra du a iu usyde n taete
.a
t
l
The e ms f h t n a a t r la n n mbg o l mo srt h
t r s of t a ee en . I i undiput d t t R oa ke H ol ngs LLC, de a t d on t l n.
em
he gr m t t s
s e ha
no
di ,
f ule
he oa
Dee
f ndan Tr s 's gna ur a a son t N ot a t Guar n y a a not y publc a t t d t
t e s i t e ppe r
he
e nd he
a t nd
ar
i tes e o
hi s g t e on t Gua a y. Fi ly, neihe Tr s no Dac a gua a or ha pa d t
s i na ur
he
r nt
na l
t r es r
hs s
r nt s ve i he
a ount due unde t t r s of t Gua a y.The Cour f nds t t Tr s s gne t pe s l
m
r he e m
he
r nt
ti
ha e s i d he r ona
Gua a y a i t r f epe s l r ponsbl f t l n m a t Roa
r nt nd s he e or ronaly es i e or he oa
de o
nokeHol ngs LLC.
di ,
I c r t De e nt Tr s m a s tlee a gum e s i s
n ontas , f nda
e s ke lr
r
nt n uppor of hi M oton f
t
s
i or
Sum m a y J
r udgm e . r t Tr s a g st tde e t i t N ot st a f r and t c i oftte,
nt Fi s , e s r ue ha f c s n he
e' r ns e ,
hus ha n il
f om I pe i l Ca t l Bn t CN B voi hi o i ton unde t Gua a y. Rel ng o
r
m ra
pia
nk o
d s blga i
r he
r nt
yi
n
M cDonal Tr s as e t t t S f t r i no oblga i on t pa tof t prnc palo i ,t n
d, es s r s ha , s he e s
i
i ton
he r
he i i
blgor he
t r i a s none on t guar nt . M c
he e s l o
he
a or' Donal 5 S. 2d a 207.A c or ng t Tr s i or r
'
d, 47 E. t
c di o es , n de
f CN B t bec e t l w f hol r oft N o e,l pera Ca t Ba s ul ha Sbut di
Or
o
om he a ul de
he t m i l pial nk ho d ve,
d
not pr l endors t N ot B ecaus an oblgaton depends upon t exi t
, oper y
e he
e.
e
i i
he s ence of a l
awful
SA tt tm e t tTr saguest o i na lnders d ha e s t N oe, t orgi l nde had ale
he i ha es r
he rgi l e
houl ve ndored he t he i nal e r
r ady
gonei o r ei s p;t FD I wasa ntd r ei rand s dase s i udi t Guar t t Pl ntf.
nt ec verhi he C
ppoi e ec ve
ol st ,ncl ng he
any, o ai if
hol roft Not t a e e ofs h lwf hol ri t sc e e i s t oblgai of
de
he e, he bs nc
uc a ul de n hi as xtnguihes he i ton
t prncpaloblgor( nokeHol ngs a co eq tyt g rntrTrs .
he i i
i Roa
di ) nd ns uenl he uaa o e s
A n a l i ofM c onal how e r s st ta oblga i n i t co e ofa gua a y
na ys s
D
d,
ve , how ha n i to n he nt xt
r nt
a ualy r f r t t f ct l ques i of w he he a de r m ai l pa d. l M cDonal t
ct l e e s o he a ua
ton
t r
bt e ns m i n
d, he
def nda M c ona d co e
e nt D l nt nded t t t pl n if pur ha e of hi not a gua a y fom t
ha he ai t f
c sr
s e nd
r nt r
he
or g na l nde ' r c ve c d not pr e o t g r nt a ee e i pa t be aus t
i i l e r s e ei r oul
oce d n he ua a y gr m nt n r c e he
pl i ifdi no ha pos es i oft o i i lNot I r s e t Vigi a Supr me Co t
antf d t ve s son he rg na
e. n e pons , he r ni
e
ur
de i d a g r nt unde V igi a 1 w a
f ne
ua a y
r r ni a s
a i pe nt c ta ,by whih t g r nt t
n nde nde on r d
c he ua a or mdera ,i wrtng,upon a
tkes n ii
s t intunde tki t be a we a e f t de ,orf t pe f manc of
ufk e
ra ng, o
ns r bl or he bt
or he ror
e
s e d y,i ca e oft f iur of s m e ot r pe s who i pr m a iy la e t
om ut n s
he a l e
o
he r on
s i r l i bl o
pa o pe f m .l an a ton t e o ce a i
y r r or n
c i o nf r n ndepe nt c r tof gua a y,t
nde ontac
r nt he
oblge i pr ee ng on t gua a y, no on t unde l ng no e. Thus t
i e s oc di
he
r nt
t
he
ryi
t
,o
r cove on a gua a y, t oblg mus e t bls a ong o he t ngs t
e
r
r nt he i ee
t sa ih, m
t r hi , he
e se e a owne s p of t gua a y c r t t tr s of t prm a y
xit nc nd
rhi
he
r nt ontac , he e m
he i r
oblgai and de a ton t t o i ton by t de or a nonpay e of t
i ton
f ul
ha blga i
he bt , nd
m nt he
a ountdue f om t g r nt t de t t r soft g r nt con r c .
m
r he ua a or m r he e m
he ua a y t a t
M c nad,5 S. 2d at207 (mpha i adde (iainsomitd)(ntr lquotton maks
Do l 47 E.
e
ss
d) ctto
te i ena
ai
r
omit . The Suprme Co t of Vigi a c i rd bot t Not s pose son and
ted)
e
ur
r ni onsdee
h he
e'
s si
e or ea lt ir l va t r c y unde a gua a y,whi i by de i ton a i pe nt
nf c biiy re e nt o e over
r
r nt
ch s
fnii n nde nde
c r t The c tc i d:
ontac .
our ontnue
gl ag ng ot r s Mc l c us s t dif e e bewee t
in r ui
he wie, Donad onf e he fernc
t n he
e ore lt oft Not a i tgheorgi lnder,a t quesi whehe
nf c abiiy he e gans t i nal e j nd he ton t r
t de ha be n e i s d,ie. whehe t r i a oblgai on t pa tof
he bt s e xtnguihe . , t r he e s n i ton
he r
La a t e The non- nf c biiv of a no e as t t m a r do no ne s a iy
f ye t .
e or ea lt
t
o he ke es t ce s r l
extnc s t obla i H owe r i t r i no ob i ton on t pa t of t
i ui h he i aton.
ve , f he e s
lga i
he r
he
pr nc pa oblgor t n t r i a s none on t g r nt .
i i l i , he he e s l o
he ua a or
I (mphassa )(iai omitd) A dic son o t M c
d. e
i dded cttons te . susi f he Donal dee ntsfiur t
d fnda ' al e o
pa f l s t cied pori n,f r he i c tng t t Tr s ' c t d s n e m e ns s m pl t t i
y olow he t
to u t r ndi a i ha e s ie e t nce a i y ha f
t de has be n e i s d by pa e , t gua a o be r no oblga i n. l t s ca e,
he bt
e xtnguihe
ym nt he
r nt r a s
i to n hi s
be aus t Roa
c e he
noke Hol ngs d bt r mai outtndi CNB a hol r oft Gua a y c n
di
e e ns sa ng,
s de
he
r nt a
p o e d a ans Tr s a g aa t r Th ,j s a te S p e Co r o Vigna h l i
r c e g i t e s s u rn o . us u t s h u rme u t f r ii ed n
M cDonal t f c t tt CN B pos i y c nnote or e t N ot aga ns Tr s has no bea i
d, he a t ha he
s bl a
nf c he
e i t es
rng
on whe he i c n e or t Gua a y,a i pe ntco r t
t r t a nf ce he
r nt n nde nde
ntac .
Sec
ond,Tr sar s t tCN B c nnote or e t G ua a y a ns Tr s bec us he di
es gue ha
a
nf c he
r nt gai t e s a e
d
note e sy a ee t t N ot s a s g e , hi h he cl i s i a m odii a i oft G ua a y.
xpr s l gr o he e' s i nm nt w c
am s
f c ton he
r nt
Trs rfr t Paa rp Thre n ( 3 o t e Gu rn y whih p o d st a Sn et e ti
e s ee s o rg a h ite 1 ) f h aa t , c r vie h t s l i r h s
l h
Guaa ynora ofispr so ma be( modiid,a nde ... e by a a e me ti
rnt
ny t oviins y j
fe me d, exc pt n gre n n
m ii sg byt pa t a i twhiht e oce ntoft ( modi ai ame
tng ined he ry gans c he nf r me
he 1
fc ton, ndme ,..
nt
.
i s ug ,a t nonl t t e e s tf t i t tagre nt'ECFNo.58,Ex. !B,j 1
s o ht nd he y o he xtnt e orh n ha e me .
'
2,
3.
Thi ca e, howe r mus be r ad wih t whol Gua a y a e nt whi h r a i
s lus
ve ,
t
e
t he
e
r nt gr eme ,
c e ds n
Paa rp Twev ( 2 t tt etvn e ma a sg isrg t u d rt i Gu r nyi wh l o i
r ga h
le 1 ) ha h û e d r y sin t ihs n e h s a a t n oe r n
l
pa ta upon a s h as i e ,a lt t r s a pr s ons of t s Gua a y s li e t
r nd
ny uc s gnm nt l he e m nd ovi i
hi
r nt hal nur o
t be ftofs h asi t t e en s a sg 'l !B,j 1 l i ce r t t tTr s
he nei uc sgnee o he xt t o s ined. d.
'
2. t s la ,hen,ha es
a r a e e sy ag e d t tt orgi lnde wa a t i d t a sg is rght t r t
le dy xpr s l r e ha he i nal e r s u horze o s i n t i s mde he
Gua a y.
r nt
Dee d n Trs ' ls ag me t i b sd o te d crn o r s j d c t.As sae
fn a t e s a t r u n s a e n h o tie f e u iaa
ttd
p e iusy, hsCo r st n i dv ri j rs ito a p istelwso Vig na a d te eo e
r v o l t i u t it g n i est u id cin p le h a f r i i, n h r f r
i
y
Vign asd crn o rsj iaa g v r i ti c s .Se Blc v Lo g Be c Mo t.Lo n
r ii ' o ti e f e udc t o ens n h s a e e ik . n a h rc a
Tr t2005- L3,3: - 00002,201 W L 1 9369,a * ( .
us
W
13CV3
31
t 2 W D.Va M a.29,201 .The
. r
3)
undel ngprncpl ofr j c t i t t
ryi i i e es udiaa s ha
çgl r ltg nts d ha op t t t pr s whae rgre nc hema
ieve y iia houl ve poruniy o eent tve iva e
y
have' buti gi an opporuniy t do so and dhavi f l t avai hi s fofi,
'
f ven
t t o
s ng aied o
l m el
t
hemus ac e t c eque es'Thus t 'fè /o
t c pt he ons nc .
' , he ' /c fafnalde r ei notonl t
c
ce s
yo
conc u t pari as t e r que ton acualy r s d and de de butas t
l de he tes o vcy s i
t l aie
ci 4
o
6
c cy cam whihprpe l b ln e t t s be to lt a in a wh c te
vr li
c o ry eo g d o he u j c f ii to nd ih h
g
pa te,A t e r ieo e s na l dl n e mi t a er ie a tetme'
ris y he xecs fr a o be ii c , gh h v as d t h i .
ge
'
Str
abucks Cofee Co.v.Shy,734 S. 2d 683,689 ( .Ct App.201 (iai omitd)
f
E.
Va .
2) cttons te
( i Br k v.Voih Sime Hvdr Powe Ge rto 71 S. 2d 48 488( Ct App.
quotng oc
t e ns
o
r neain, 6 E. 5,
Va. .
2 1 . sj dc t tusfclttsc rany i t eetb ih n o lg lr lto sa d efce t
01 ( Re u iaa h a iiae e tit n h sa ls me t f e a eain n f in
9
ltg ton whie r duc ng t a lt ofpa test c
ii a i
l e i he biiy
ri o onduc r pe ii a har s i ltg ton.Bil
t e ttous nd a sng ii a i
l
Gre Cop. Ta wel tlBa 5 S. 2d854,856( 1 )
e ver
v. ze lNa' nk, 04 E.
Va. 998 .
The docrne o r sj c t i Vigi a i govened by Rul 1: oft Ruls oft
ti f e udiaa n r ni s
r
e 6 he e
he
S p e Co r o Vign a Br c , 6 SE.d a 4 8 l o d rt a sr r sj iaau d rRul
u r me u t f r ii . o k 71 . 2 t 8 . n r e o se t e udc t n e e
1: t pa t s ki t i
6, he r y ee ng o nvoke t prnc pl m us s
he i i e
t how t t
ha
( )t r wasaprorcli f r le de de on t meisby a vai a fna
1 hee
i am or eif ci d he rt
ld nd i l
j d me t ( )t epate ae ie tc lo i p i t wi e c o h r a d ()te
u g n ' 2 h ris r d n ia r n rvi t a h t e; n 3 h
,
y h
c am m a i t lt r s t a ies fom t s m e co
li
de n he a e ui rs r
he a
nduc , ta aci o
t r ns ton, r
oc ur e e a t cl i i t tr ts t
c r nc s he a m n he i s ui.
Blc 201 W L 1319369,a * Va.Sup.Ct R.1: a .SeealoCa ron v.A. M a sy Coa
ik, 3
t 2;
. 6()
s pet
T. se
l
Co.l ,740 S. 2d 1, ( 201 ( s usi rsj c t elme sbeor Rul 1: .
. nc.
E. 7 Va. 3) dic sng e udiaa e nt f e e 6)
Tr s ag e t a r s u iaas ul a l t b rCNB fo p o e dnga an tTrs i
e s r u s h t e j d c t ho d ppy o a
r m r c e i g is e s n
t s m e l w s tt tCNB i ta e a ns bot c d e nt . e s a s r s t tCN B s ks t
he n a ui ha
nii t d gai t h o- ef nda s Tr s s e t ha
ee he
s m e r i f om D e e nt Tr s a D a hs i t s m e ac i n on t s m e i t u e , t
a
elef r
f nda s es nd c n he n
to
he n
nsr m nt he
Gua a y.Tr s t r or c a m s t t he i i prviy w ih hi c de e n a Gua a y c
r nt
es he ef e l i ha
s n i t t s o- f nda t nd
r nt o-
sg rDa h , n t ee oet eu p s dg a to s mmayj d me ta ans Da hsb f r h
ine c s a d h rf r h no po e rn f u r u g n g i t c eo e e
wa p o ry sr e c nsiu e afn lj d me t p e l ig CNB fo c niuig te lws i
s r pel ev d o ttts ia u g n, rcudn
r m o tn n h a ut
aga ns co- f nda tTr s . e sdi notpr de a s po tng ca e l w , e r t s w t t
i t de e n e s Tr s d
ovi ny up r i
s a how ve , o ho ha
alow i pr c us on durng t orgi ltga i n c tt e a a c pt bl a i to of r
l ng e l i
i he i nal ii t o ons iut s n c e a e pplca i n
es
j dc t i Vigni. tre tnsvers ac t i Co r i u a et fn e e o e i tn eo
u iaa n r i a Afe xe i e e rh, hs u t s n bl o i d v n n nsa c f
t docrneofrsj caabenga idwihi t smelws t
he ti
e udi t i pple t n he a a ui.
l a ii t t lc ofs ppo tng ca e lw,Dee ntTrs 'rsj c t apl t
n ddton o he a k u ri s a
fnda e s e udiaa r men
fisb c us t eg a to s mmayj d me ta an tTr s'c - ee da td rngt elws i d e
al e a e h rn f u r u g n g i s e s o d fn n u i h a ut o s
n tc n ttt a v l a d fn lj d me tu d rVigna lw.Tr s p it t Fe ea Rul o
o o siue ai n ia u g n n e r ii a
d
e s on s o d r l e f
Ci lPr dur 5 b)f detr nain ofwhe t j
vi oce e 4( or emi to
n he udgme be mefna, tVigi ar esof
nt ca i lbu r ni ul
fna iy gove n t s di r iy s t l V igi a,
i lt
r hi ve st ui. n r ni
a fna or r i a e sntalee ntf t rsj caa ba t a y.Ciy of
i l de s n se i lme or he e udi t r o ppl t
Vici aBe c v.Ha s 5 S. 2d239,244( 2000) $ dece i tna o y
r ni a h
ni, 23 E.
Va.
.d
A re s i l nl
wh n i ds s so t whoes be t g v sa1terle t ti c ne ltd a d
e t ipo e f he l u j c, i e l h eif ha s o tmpae n
l a no hi t be done by t c ti t c us e e m i s e i le uton.
e ves t ng o
he our n he a e xc pt ni t r a xec i '
'
Br v.Roa Count SmzttonAut ,11 S. 2d 758, ( 1 .
ooks
noke
y iai
h. 4 E.
760 Va. 960)
Cl ev.Ciy ofNorol No.CL 09os
t
f k,
4055,2011W L 291
3225 ( Ci.Ct Apr 1 2011.l
Va. r . . 2, ) n
t s c e,CN B i ta e t s a ton a i tbot D e e nt Tr s a Dac ,a a t
hi as
nii t d hi c i ga ns
h f nda
es nd
hs nd lhough t
he
Cour grntd s
t a e ummayj
r udgmentt CNB a t Da hs t tde e di notdipos oft whol
o
s o c , ha cre d
s e he
e
s be to t s i. tal ftec ne ae rle s ug ti t eCo lith db e gv n;h
u jc f he utNo 1 o h o tmpltd eif o h n h mp an a e n ie te
orgi l c e r m ai d pe ng a CN B con i
i na as e ne
ndi s
tnued t s e r le f om c de e nt Tr s .Re
o e k ei f r
o- f nda
es s
j d c t b d fni o b r r l iai no t esmecam, u tel iain o ta cam wa si
u iaa y ei t n a s ei g to f h a li b t h i g to f h t li s tl
i
t
t
l
i p o r s h r . alw t eDee a tt a s r r s u iaawhe teo iia l iainh sn t
n r g e s ee To lo h fnd n o se te j dc t n h rgn l i g to a o
t
c l d woul be t de i CN B oft opporuniy e r ltga t s d ha t pr e hi
onc ude
d
o prve
he
t t ve y ii n houl ve o es nt s
gr e nce.St r
i va
a bucks Co f e Co. 734 S. 2d a 689.
fe
,
E. t
IV .
D A M A G ESJ
LIAB I
LITY
l is reques f dnm ages CN B aleges t i has s f
n t
t or
,
l
hat t
uf ered dam ages i t nm ount of
n he
$2, 2, 05 a ofOc obe 1 2011 wih i e e tt r on a t c r c ua r t ofeiht n
48 621. s
t r 7s
, t nt r s he e t he onta t l ae
g ee
( 8)pece tpe n z uni f l pad.TheCour ha e mi d t c rc,ECF No.1 Ex.
1 r n r nnlm tl uly i
t s xa ne he onta t
4,
A , t affdavi pr ng dam ages, ECF N o. 14,and ot r evant docum ent and fnds t
he i t ovi
her el
s
i
he
CN B ' r ue t f d m ag t be t pr r m e tr The e or t Cour g a s s l m a y
S eq s or a es o
he ope
asze. r f e, he
t r nt lm r
j
udgme t CNB i t a un of$2, 62105asofOcober1 2011
nt o
n he mo t
482, .
t
7, .
CN B hasst ed t t cont ualdef tr e of 18% i t pr
at hat he
ract
aul at
s he operm eas e ofdnm ages.
ur
l t s di riy a ton,t Cou tas a i Vigi a 1w a t prj me i ees.See
n hi ve st ci he r lo pples r ni a s o eudg nt ntr t
Hia h Cr dtAm.Co p,1 6 F.d a 6 3 (vigni lw g v r st a r o p eu g n
tc i e i
r . 6 3 t 3 i r i a a o en he wad f rj d me t
t
itr ti adi riy c e' 'Unie Stt v.Dola Re A Ca SyssI ,71 F. 938,940
nees n vest as .', td aes
)
lr nt
r . nc. 2 2d
( h Ci.1 ) (çsjae 1 a i t quetons i vi prj
4t r 983 tg tt aw pples o si nvol ng eudgmen i ees i di riy
t ntr t n vest
ca e .)( tng c es.The a i bl Vigni saut go r ng prj
s s' cii as )
'
pplca e r i a tt e veni eudgme i ees i Va
nt ntr t s .
Co An j801 38 W h t e p eu me titrs s o l b a r e u d rj801 3 2 i a
de n. . - 2. eh r rj dg n n eet h u d e wa d d n e . - 8 s
m a t r w ihi t s
te
t n he ound di c e i of t dit i t c t Se Ha n A r s r
s r ton
he sr c our . e nno
m t ong & Co. v.
Sumiomo Tnzt& Ba nc Co. 973 F. 359,3 ( h Ci.1 ;Dar and l .Co.v.
t
s
nki
,
2d
69 4t r 992) iyl ns
Dout t 449S. 2d79 801( 1 4) Ast t prpe i ee trt,j8. -38 pr vi st t
ha,
E. 9, Va. 99 . o he o r ntrs ae 01 2 o de ha
f negotabl i t m en s t r t ofi e es s lbe t tt a e s ii i t i tum e . l i
or
i e ns nz t , he a e nt r t hal ha t t pec fed n he nsr nt' t s
r
'
unc e t t tt r t pr vi d f i t i t u e was 18 pe n num .Se ECF N o.1
ont s ed ha he a e o de or n he ns r m nt
% r n
e
4,
Ex.A,! 8.Theefr ,t itr tfom Ocobe 1 2011untlt daeoft e r oft sor r
r o e he nees r
t r 7,
i he t he nty hi de
s l be 18A.Theorgi a o of$2, 62105, us 1 i e e tfom Oc obe 17, 1t
ha l
0
i nal m unt
482, . pl 8% ntr s r
t r 201 o
t da eoft enty oft so de ,yil at t ln
he t he r
hi r r e ds o a mountof$ 275, 51
3, 971. .
Fe r lw,r t rt n sae lw,go r t c c ai ofpos-udgmen i e eti
deal a ahe ha tt a
vens he alulton
tj
t ntr s n
di riy ca e .SeeFor tSalsCom.v.Be ncfed,881F. 11 11 ( h Ci.1 .The
vest s s
es e
di il
2d 1, 3 4t r 989)
a i abl f de a s a ut pr de f r i e e t a a s c fe r t c m onl r f r e t a t
pplc e e r l t t e ovi s o nt r s t pe i i d a e, om
y e e r d o s he
lg l ae 28U. C. 1 61 Th r fr ,n ee t ntej d me ta trted t o tee tyo ti
e a rt .
S. j 9 . ee o e itrs o h u g n fe h ae f h n r f h s
or rs l be t l alr t
de ha l he eg a e.
V.
C O N CL U SIO N
The Cour G R ANT S t Pl ntf ' M oton f Sum m a y J m e ,ECF N o.53,and
t
he ai if s
i or
r udg nt
DENI t Dee nt M oi f Summay J
ES he fnda s ton or
r udgme ,ECF No.57,and e e sj
nt
ntr udgme
nt
a ns Def nda Tr si t a oun of$3, 971. , usi e e ta t lgalr t un i f l
gai t e nt es n he m t
275, 51 pl nt r s t he e a e tl uly
pa d.
i
ENTER: s L Q da ofJ y,
Thi
y ul 2013.
Z œ
Ho
sC .Tur
k
Se orUnie St t s Di t i tJ
ni
t d a e sr c udge
10
Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. These filings and docket sheets should not be considered findings of fact or liability, nor do they necessarily reflect the view of Justia.
Why Is My Information Online?