Legal Opinion
Sweely Holdings, LLC v. Suntrust Bank
Supreme Court of Virginia
Decided November 21, 2018No. Record 171165PublishedCited by 22 opinions
1Opinion of the Court
OPINION BY JUSTICE D. ARTHUR KELSEY
SunTrust Bank ("SunTrust") made secured loans totaling $18.3 million to Sweely Holdings, LLC ("Sweely") and later sought to recover collateral when Sweely defaulted and threatened bankruptcy. The parties negotiated a Master Loan Modification and Forbearance Agreement ("Workout Agreement") that provided Sweely with another opportunity to pay its debt. When Sweely failed to do so, SunTrust took action against Sweely's collateral.
In response, Sweely filed this suit against SunTrust, alleging, among other things, breach of contract, fraud in the inducement, and…
2Cases cited13 opinions
- Ward's Equipment, Inc. v. New Holland North America, Inc.Supreme Court of Virginia · 1997
- Ames v. American National BankSupreme Court of Virginia · 1934
- Babcock & Wilcox Co. v. Areva NP, Inc.Supreme Court of Virginia · 2016
- Metrocall of Delaware, Inc. v. Continental Cellular Corp.Supreme Court of Virginia · 1993
- Coward v. Wellmont Health SystemSupreme Court of Virginia · 2018
8 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- A.H. v. Church of God in Christ, Inc.Supreme Court of Virginia · 2019
- Xia Bi v. Terry McAuliffeCourt of Appeals for the Fourth Circuit · 2019
- A.H. v. Church of God in Christ, Inc.Supreme Court of Virginia · 2019
- Blackwater Industries, LLC v. DGCI Corporation Case electronically transferred to the Eastern District of Virginia, Alexandria DivisionDistrict Court, S.D. Texas · 2024
- Cave v. Wells Fargo Bank, N.A.District Court, W.D. Virginia · 2019
17 more not listed; retrieve them via the Exa API.