Federal Deposit Insurance v. Cincinnati Insurance Companies, Inc.

ORDER

TIMOTHY C. BATTEN, SR., District Judge.

This case is before the Court on the parties’ cross-motions for summary judgment. For the reasons below, the Court GRANTS Defendant’s motion [60] and DENIES Plaintiffs motion [51].

I. Background

A. Factual Summary

Jeffrey Grant wanted to purchase and develop 2.6 million dollars’ worth of real property from several sellers in Henry County, Georgia. But he did not want to put any of his own money into the project. He wanted a bank to lend him the entire $2.6 million and more money later for development. But no bank was likely to lend him one hundred…