AIU North America, Inc. v. Caisse Franco Neerlandaise De Cautionnements

OPINION GRANTING PARTIAL SUMMARY JUDGMENT

MOTLEY, District Judge.

OPINION

Plaintiffs have charged defendant with fraud, aiding and abetting breach of fiduciary duty, and breach of contract. Defendant has moved for summary judgment on the breach of contract claims. For the reasons outlined below, the court now grants defendant’s summary judgment motion as to plaintiffs’ breach of contract claims.

BACKGROUND

This case arises from bonds issued for the construction of a hydroelectric plant at Deadwood Creek in Yuba County, California. Electric Engineering Company (EEC), a subsidiary of Societe…