Raymond L. Shaffer v. Regions Financial Corporation.

Summary

The court held that genuine issues of material fact precluded summary judgment for Regions on Shaffer’s breach-of-contract claim. Those issues concerned the existence and terms of the change-of-control agreement, consideration, whether post-merger changes gave Shaffer good reason to resign, and whether Shaffer’s conduct was disloyal. The court affirmed summary judgment on the fraud and suppression claims because Shaffer did not challenge that ruling on appeal.