Eplus Group, Inc. v. Travelers Property Casualty Co. of America

SUMMARY ORDER

Familiarity by the parties is assumed as to the facts, the procedural context, and the issues on appeal.

In March 2004, ePlus reached an agreement with Cyberco Holdings, Inc. (“Cyber-co”) in which ePlus would acquire financing for computer equipment that ePlus would then make available to Cyberco through either an installment sale or a secured financing, according to the conflicting accounts of the parties. ePlus successfully secured financing from GMAC Commercial Finance LLC (“GMAC”) and Banc of America Vendor Finance, Inc. (which later became Banc of America Leasing & Capital,…