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ACA FINANCIAL GUARANTY CORPORATION v. CITY OF BUENA VISTA

Case No. 6:17-cv-00013.

ACA FINANCIAL GUARANTY CORPORATION AND UMB BANK, N.A., Plaintiffs, V. CITY OF BUENA VISTA, VIRGINIA, ET AL., Defendants.

United States District Court, W.D. Virginia, Lynchburg Division.

August 9, 2017.

Editors Note
Applicable Law: 28 U.S.C. § 1332
Cause: 28 U.S.C. § 1332 Diversity - Declaratory Judgement
Nature of Suit: 190 Contract: Other
Source: PACER

Attorney(s) appearing for the Case

ACA Financial Guaranty Corporation, Plaintiff, represented by Brian Aaron Richardson , McCandlish Holton Morris.

ACA Financial Guaranty Corporation, Plaintiff, represented by Michael Robert Ward , McCandlish Holton, PC, Scott Carlton Ford , McCandlish Holton Morris, Theresa Allyn Queen , Greenberg Traurig, LLP, Timothy Carrington Bass , Greenberg Traurig, LLP & Charles Walker Terry , McCandlish Holton, PC.

UMB Bank, National Association, Plaintiff, represented by Brian Aaron Richardson , McCandlish Holton Morris, Michael Robert Ward , McCandlish Holton, PC, Scott Carlton Ford , McCandlish Holton Morris, Theresa Allyn Queen , Greenberg Traurig, LLP, Timothy Carrington Bass , Greenberg Traurig, LLP & Charles Walker Terry , McCandlish Holton, PC.

City of Buena Vista, Virginia, Defendant, represented by Brian James Kearney , Heslep & Kearney, P.C., Kevin Michael Rose , BotkinRose, PLC, Michael Willoughby Sharp , BotkinRose, PLC & Walter Wayne Heslep , HESLEP & KEARNEY, P.C..

Public Recreational Facilities Authority of the City of Buena Vista, Virginia, Defendant, represented by Brian James Kearney , Heslep & Kearney, P.C., Kevin Michael Rose , BotkinRose, PLC, Michael Willoughby Sharp , BotkinRose, PLC & Walter Wayne Heslep , HESLEP & KEARNEY, P.C..

MEMORANDUM OPINION

This case is before the Court on two types of motions to dismiss. A bank (UMB Bank) and a bond insurer (ACA Financial) sued the City of Buena Vista and its recreational authority ("Authority"), asserting claims for breach of contract, fraud, and quasi-contract. The main dispute is whether...

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