Little v. MGIC Indemnity Corp.

OPINION OF THE COURT

SEITZ, Circuit Judge.

Defendant MGIC Indemnity Corporation (“MGIC”) appeals an order of the district court granting summary judgment in favor of plaintiff James P. Little, 649 F.Supp. 1460. This court has jurisdiction under 28 U.S.C. § 1291 (1982).

I

Beginning in 1988, Union National Bank (“UNB”) was named as defendant in a series of lawsuits brought by other lending institutions. In each of these actions the institutions allege that two UNB customers obtained funds from them on the basis of fraudulent letters of credit issued by UNB. UNB subsequently named Little as a…