Hess Management Firm, LLC v. Bankston (In Re Bankston)

LEMELLE, District Judge:

In this adversary proceeding connected to the bankruptcy of Denise M. Bankston (Bankston), Hess Management Firm, L.L.C. (Hess) sought to enforce Bank-ston’s guaranty on a contract between Hess and Premier Aggregates, L.L.C (Premier). The bankruptcy court held that Premier breached the contract in bad faith, but the court limited the damages award to $375,000. Hess appealed to the district court, which overruled the bankruptcy court and awarded Hess the full value of the contract — $1.5 million. Bank-ston appealed to this Court. For the reasons enumerated below, we…