Fitts v. AmSouth Bank

This commercial case involves a transfer of funds from one account at AmSouth Bank to another account at AmSouth Bank. Fred Fitts and Bellann Fitts, husband and wife, sued AmSouth Bank and James "Ronnie" George, a business associate of the Fittses, asserting various common-law claims. The trial court entered a summary judgment in favor of AmSouth Bank and George, holding that the Fittses' action was barred by the one-year statute of repose found at § 7-4A-505, Ala. Code 1975. The Fittses appeal; we affirm.

Facts

In October 2000, Fred Fitts and Bellann Fitts and James "Ronnie" George began a new…