161 Perdido Ventures, L.L.C. v. Swervo Development Corp.

161 Perdido Ventures, L.L.C. (Perdido) appeals the district court’s grant of summary judgment in favor of Swervo Development Corporation (Swervo), in Perdido’s action against Swervo alleging breach of contract and promissory fraud. 1 Perdido contends the district court erred in granting summary judgment because triable issues exist on its breach of contract and promissory fraud claims. After de novo review, we affirm the district court. See Rioux v. City of Atlanta, Ga., 520 F.3d 1269, 1274 (11th Cir.2008) (reviewing the district court’s grant of summary judgment de novo).

I. BACKGROUND

In May…