Schwegmann Bank & Trust Co. Of Jefferson v. Elva S. Falkenberg, Charles B. Caldwell, Jr.

DUHÉ, Circuit Judge.

Pursuant to Louisiana’s version of the Uniform Commercial Code, a bank sued for collection on several investor notes, and the district court granted the bank’s motion for summary judgment. One of the defendants, Charles B. Caldwell, Jr., now claims that he raised a triable issue of fact on whether his note was negotiable and whether the bank was entitled to holder in due course rights under the shelter rule. We affirm.

Schwegmann Bank and Trust Company of Jefferson, which held Caldwell’s note, sued for collection when Caldwell failed to pay the interest due on the note.…