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GENERAL ELEC. CAPITAL v. UNION PLANTERS

Nos. 03-3828, 03-3832.

409 F.3d 1049 (2005)

GENERAL ELECTRIC CAPITAL CORPORATION, Appellant/Cross-Appellee, v. UNION PLANTERS BANK, NA, Appellee/Cross-Appellant.

United States Court of Appeals, Eighth Circuit.

Filed: May 31, 2005.

Attorney(s) appearing for the Case

Lance Gotthoffer, argued, New York, NY (Michael Tsang on the brief), for appellant/cross-appellee.

Jeffrey S. Heuer, argued, St. Louis, MO, for appellee/cross-appellant.

Before LOKEN, Chief Judge, BEAM, and SMITH, Circuit Judges.

BEAM, Circuit Judge.

This diversity case involves a dispute between two creditors—General Electric Capital Corporation (GECC), the plaintiff, and Union Planters Bank (UPB), the defendant—about funds UPB received from their common debtor—Machinery, Inc. (Machinery). The district court granted GECC's motion for summary judgment on liability, and held a bench trial to determine damages. Ultimately, the court entered judgment against UPB for $62,818...

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