W. EUGENE DAVIS, Circuit Judge:
Allied Bank-West sought damages from Merrill Lynch for failing to honor its commitment to replace pledged securities. After trial, the jury returned a verdict in favor of Allied Bank. The district court then entered a judgment notwithstanding the verdict in favor of Merrill Lynch. Because Merrill Lynch did not argue or present evidence to support the defense on which the court granted JNOV, we vacate the court's entry of JNOV with instructions...
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