General Electric Capital Corporation, Appellant/cross-Appellee v. Union Planters Bank, Na, Appellee/cross-Appellant

BEAM, Circuit Judge.

This diversity case involves a dispute between two creditors — General Electric Capital Corporation (GECC), the plaintiff, and Union Planters Bank (UPB), the defendant — about funds UPB received from their common debtor — Machinery, Inc. (Machinery). The district court granted GECC’s motion for summary judgment on liability, and held a bench trial to determine damages. Ultimately, the court entered judgment against UPB for $62,818. GECC appeals the damages determination, and UPB cross-appeals the liability ruling. We affirm in part, reverse in part, and remand the case for…