Dresner Investment v. Agility Capital Inc
Dresner Investment v. Agility Capital Inc
Opinion
United States Court of Appeals Fifth Circuit F I L E D February 6, 2004 IN THE UNITED STATES COURT OF APPEALS Charles R. Fulbruge III Clerk
FOR THE FIFTH CIRCUIT
______________________
No. 03-50732 _______________________
DRESNER INVESTMENT SERVICES, INC.
Plaintiff-Appellee,
versus
AGILITY CAPITAL, INC. F/K/A AUTOBOND ACCEPTANCE CORPORATION Defendant-Appellant.
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Appeal from the United States District Court for the Western District of Texas ________________________________________
Before BENAVIDES, STEWART, and DENNIS Circuit Judges.
PER CURIAM:*
Defendant-Appellant, Agility Capital, Inc. (“Agility”) appeals the decision of the district court
granting Plaintiff-Appellee, Dresner Investment Services, Inc.’s (“Dresner”) motion for summary
judgment. The district court held that the language in a disputed financial advisor agreement
(“Agreement”) required Agility to pay Dresner a fee for its assistance in securing Agility a $20 million
equity line of credit (“Equity Line”) at the time the Equity Line was secured rather than when Agility
* Pursuant to 5TH CIR. R. 47.5, the Court has determined that this opinion should not be published and is not precedent except under the limited circumstances set forth in 5TH CIR. R. 47.5.4. actually drew funds from it.
The parties agree that the Agreement is unambiguous. Based on our de novo review of the
district court’s summary judgment decision, the Agreement, and the applicable law, we affirm the
district court’s grant of summary judgment in favor of Dresner for essentially the reasons enunciated
by the district court. Fed. R. Civ. P. 56 (e); Little v. Liquid Air, Corp.,
37 F.3d 1069, 1075(5th Cir.
1994) (en banc); Instone Travel Tech Marine & Offshore v. International Shipping Partners, Inc.,
334 F.3d 423, 428(5th Cir. 2003).
AFFIRMED.
2
Reference
- Status
- Unpublished