General Motors Acceptance Corporation, Appellant/cross-Appellee v. Union Bank & Trust Company, Appellee/cross-Appellant

RILEY, Circuit Judge.

General Motors Acceptance Corporation (GMAC) filed a lawsuit against Union Bank & Trust Company (Union) alleging Union converted proceeds from the sale of GMAC’s collateral for its own use and benefit, and breached a Waiver of Rights of Offset Agreement (Waiver Agreement). GMAC sought compensatory and punitive damages. Following a bench trial, the district court entered judgment in favor of Union, and awarded Union costs plus 60 percent of its requested attorney fees. GMAC appeals the judgment and the award of attorney fees. Union cross appeals the award of attorney fees.…