McAdams v. McCord

GRUENDER, Circuit Judge.

This is an appeal from an order of the district court granting the appellees’ motions to dismiss after the district court entered final judgment under Federal Rule of Civil Procedure 54(b). For the reasons discussed below, we find that district court abused its discretion by entering final judgment under Rule 54(b) and dismiss the appeal for lack of jurisdiction.

I. BACKGROUND

UCAP, Inc. (“UCAP”) was a multi-state provider of mortgage lending and brokerage services. In November 2004, UCAP’s subsidiaries filed for Chapter 11 bankruptcy, although UCAP apparently did not.…