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Bombardier Inc (BBDb.TO) has won the dismissal of a U.S. lawsuit in which Comerica Inc (CMA.N) sought millions of dollars after the Canadian aircraft maker was unable to find buyers for four planes whose leases had expired. In a decision made public on Thursday, U.S. District Judge Paul Gardephe in Manhattan said the bank had not shown that the planes had been returned to the lessor, a "condition precedent" to requiring that Bombardier make the payments it sought. Comerica had sought $10.1 million (C$12.7 million) in its complaint, which was filed publicly in January 2016 before being sealed at Bombardier's request.
Zacks Industry Outlook Highlights: Comerica, State Street, BancFirst and BOK Financial
The bank, based in Dallas, said it had earnings of $1.13 per share. The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings ...