South Central Bank & Trust Co. v. Citicorp Credit Services, Inc.

MEMORANDUM OPINION AND ORDER

CASTILLO, District Judge.

Plaintiff South Central Bank and Trust Company (“South Central”) sues defendant Citicorp Credit Services, Inc. (“CCSI”) for breach of contract and breach of fiduciary duty owed by a principal to its agent. The parties’ cross-motions for summary judgment are before the court. For the reasons set forth below, South Central’s motion for summary judgment is denied and CCSI’s motion for summary judgment is granted.

BACKGROUND

The undisputed facts gleaned from the parties’ Local Rule 12 Statements and accompanying exhibits are as follows. 1 South…