Branch Banking & Trust Co. v. Columbian Peanut Co.

MEMORANDUM OF ORDER

JAMES C. FOX, District Judge.

This civil action was brought by Branch Banking & Trust Company (BB & T) to recover compensatory damages from Co-lumbian Peanut Company (Columbian) by reason of BB & T’s failure to recover indebtedness due it from Larry K. Sorie and wife, Billie H. Sorie (Sories), which indebtedness was secured by a security interest in the Sories’ peanut crop. BB & T sought recovery on four separate theories of liability, and also sought to recover punitive damages. Columbian filed motion for summary judgment, and BB & T has responded thereto. In its response,…