Bank of Montreal v. Signet Bank, Bank of Montreal v. Signet Bank

Vacated and remanded by published opinion. Judge MURNAGHAN wrote the opinion, in which Judge WIDENER and Judge HAMILTON joined.

OPINION

MURNAGHAN, Circuit Judge:

Defendant Signet Bank (“Signet”) appeals various rulings occurring during and after a trial in which the jury awarded the Plaintiff Bank of Montreal (“BMO”) damages for fraud in the inducement of BMO’s purchase of a non-recourse participation in a Signet credit facility. BMO cross-appeals from the grant of summary judgment against and dismissal of several of its claims. We affirm the district court’s decision to dismiss the constructive…