ST Systems Corp. v. Maryland National Bank

FISCHER, Judge.

ST Systems Corporation (STX) appeals from an order by the Circuit Court for Montgomery County that entered judgment in favor of Maryland National Bank (MNB). Specifically, the circuit court found: (1) that MNB did not breach contractual obligations with respect to the alleged Alternative Loan Agreement (ATL) and the 12/5 proposal, which increased STX’s credit line to $12,000,000 and gave STX a $5,000,000 term loan; (2) MNB not liable for STX’s tort claims; and (3) in favor of MNB’s counter-claim based on the Interest Rate Protection Agreement (IRPA) in the amount of…