ACI Worldwide Corporation v. Churchill Lane Associates, LLC

GRUENDER, Circuit Judge.

ACI Worldwide Corporation (“ACI”) brought this action seeking a declaratory judgment that it validly amended and terminated a Licensing Agreement, thus ending ACI’s obligation to make royalty payments to Churchill Lane Associates, LLC (“Churchill”). Churchill counterclaimed for breach of contract, the district court granted summary judgment in favor of ACI, and Churchill now appeals. We reverse in part, affirm in part, and remand for proceedings not inconsistent with this opinion.

I. BACKGROUND

Nestor, Inc. (“Nestor”) developed a suite of credit card fraud detection…