Mountain Pure, LLC John Stacks Beverly Stacks v. Bank of America, N.A.

BENTON, Circuit Judge.

John B. Stacks and Beverly D. Stacks (“the Stacks”) and Mountain Pure, LLC, sued Bank of America for breach of contract and promissory estoppel. The district court granted the Bank summary judgment, finding the Stacks did not suffer damages. Having jurisdiction under 28 U.S.C. § 1291, this court reverses in part, affirms in part, and remands.

I

The Stacks own Mountain Pure, LLC, a business that bottles and sells water and juice products. The Stacks obtained a $650,000 line of credit from the Bank— secured by a pledge of stock. Mountain Pure had a $1.85 million term loan…