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SUNTRUST MORTG., INC. v. SIMMONS FIRST NAT. BANK

Civil Case No. 3:12-CV-00080.

861 F.Supp.2d 733 (2012)

SUNTRUST MORTGAGE, INC., Plaintiff, v. SIMMONS FIRST NATIONAL BANK, Defendant.

United States District Court, E.D. Virginia, Richmond Division.

April 6, 2012.

Attorney(s) appearing for the Case

Lester Scott Bruggemann, Wolfe & Wyman LLP, Richmond, VA, for Plaintiff.

John Buckley Warden, IV, Kevin Jermone Funk, Durrettecrump PLC, Richmond, VA, for Defendant.

MEMORANDUM OPINION

JOHN A. GIBNEY, JR., District Judge.

This matter is before the Court on Simmons First National Bank's ("Simmons") motion to dismiss under Fed.R.Civ.P. 12(b)(6). Finding that the plaintiff has submitted a well-pleaded complaint, the Court denies the motion.

I. Background

This controversy arises from a loan purchase agreement ("Agreement") in which Simmons agreed to sell SunTrust Mortgage, Inc., ("SunTrust") a set of residential...

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