J.P. Morgan Trust Co., N.A. v. U.S. Bank, N.A.

*868 DECISION AND ORDER

ADELMAN, District Judge.

Plaintiff J.P. Morgan Trust Company, N.A. (“Morgan”), a national banking association,1 brings this action against U.S. Bank, N.A (“the Bank”), also a national banking association,2 alleging that it wrongly dishonored Morgan’s draw on a letter of credit (“letter” or “credit”). The Bank brings a third-party action against Jennifer Easton (“Easton”), a Minnesota citizen, seeking indemnification for the amount of any judgment that Morgan might obtain against it plus its expenses and attorneys’ fees. Easton brings claims against the Bank, alleging that it…