GWTP Investments, L.P. v. SES Americom, Inc.

BENAVIDES, Circuit Judge:

GWTP Investments (“GWTP”) 1 brought this suit against SES Americom (“SES”) for breach of contract, fraud, and breach of fiduciary duty. It claims that SES agreed to purchase teleports on its behalf at a bankruptcy auction, but after SES won the auction and attained the rights to the tele-ports, it refused to transfer them to GWTP. Finding that there was no binding contract and that the fraud claim was just a repackaged contract claim, the district court dismissed the contract and fraud claims. It subsequently granted summary judgment on the fiduciary duty claim.

We…