First Union National Bank v. FCVS Communications

Petitioners/respondents (collectively Bank) is the depository for funds owned by respondent/petitioner (FCVS). Bank sought interpleader on the ground there were conflicting claims between the majority and minority partners of FCVS regarding the funds. The trial judge granted interpleader and ordered the funds be held by Bank until further order of the court. He then discharged Bank from the suit, effectively dismissing FCVS’s counterclaims against Bank. The trial judge also denied Bank’s request for attorney’s fees. The Court of Appeals affirmed the grant of interpleader, reversed dismissal…