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TERRACOM v. VALLEY NAT. BANK

No. 93-55660.

49 F.3d 555 (1995)

Loral TERRACOM, Plaintiff-Appellant, v. VALLEY NATIONAL BANK, a federally chartered bank; Citizens Bank Trust Co., a Kentucky corporation and state chartered bank, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Decided March 7, 1995.

Attorney(s) appearing for the Case

Davide Golia, Marks & Golia, San Diego, CA, for plaintiff-appellant.

Michael J. Rusing, Rusing & Lopez, Tucson, AZ, Kerry D. Smith, McMurray & Livingston, Paducah, KY, for defendants-appellees.

Before CHOY, FARRIS and BRUNETTI, Circuit Judges.

CHOY, Circuit Judge:

Loral Terracom ("Loral") appeals the district court's order granting Citizens Bank and Trust Company's ("Citizens") and Valley National Bank's ("Valley") joint Fed.R.Civ.P. 12(b)(6) motion to dismiss for failure to state a claim upon which relief can be granted. Loral alleges that Citizens and Valley ("the Banks") negligently failed or unreasonably performed investigations of the financial strengths of applicant sureties for bonds submitted in...

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