Legal Opinion
Prudential Insurance Co. of America v. Marquette National Bank of Minneapolis
District Court, D. Minnesota
Decided January 26, 1976No. 4-75 Civ. 154PublishedCited by 14 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
DONALD D. ALSOP, District Judge.
This action was initiated by plaintiff against the defendant to recover the amount of $62,000, plus interest, based on defendant’s refusal to honor Prudential’s sight draft. The matter is presently before the court upon plaintiff’s motion for summary judgment.
The relevant facts are established by the complaint and defendant’s answer thereto. On December 6, 1972, a Minnesota corporation by the name of McGlynn-Garmaker Company entered into a loan commitment agreement with plaintiff with respect to a loan by plaintiff to McGlynn-Garmaker…
2Cases cited5 opinions
- Barclays Bank D. C. O. v. Mercantile National BankCourt of Appeals for the Fifth Circuit · 1973
- Border Nat. Bank v. American Nat. BankCourt of Appeals for the Fifth Circuit · 1922
- Baker v. National Boulevard Bank of ChicagoDistrict Court, N.D. Illinois · 1975
- Fidelity Bank v. Lutheran Mutual Life Insurance CompanyCourt of Appeals for the Tenth Circuit · 1972
- Chase Manhattan Bank v. EquibankDistrict Court, W.D. Pennsylvania · 1975
3Cited by14 opinions
- Bank of North Carolina, N.A. v. The Rock Island Bank, an Illinois CorporationCourt of Appeals for the Seventh Circuit · 1978
- New Jersey Bank (National Ass'n) v. PalladinoSupreme Court of New Jersey · 1978
- First Arlington National Bank v. StathisAppellate Court of Illinois · 1980
- Brown v. United States Nat. Bank of OmahaNebraska Supreme Court · 1985
- Leaseamerica Corporation v. Norwest Bank Duluth, N.A.Court of Appeals for the Eighth Circuit · 1991
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