In Re marchFIRST Inc.
Court of Appeals for the Seventh Circuit
1Opinion of the Court
BAUER, Circuit Judge.
CIT Communications Finance Corporation leased phone equipment to march-FIRST, Inc. When marchFIRST filed for bankruptcy protection and failed to return the equipment, CIT eventually sought damages from Andrew Maxwell, the trustee in bankruptcy, for breach of fiduciary duty. The bankruptcy court dismissed the claims as barred by the statute of limitations. The district court affirmed. Finding that the five-year statute of limitations bars CIT’s claims, we affirm.
I. BACKGROUND
CIT began leasing telephone equipment to marchFIRST in 2000. On April 12, 2001, marchFIRST filed…
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