Legal Opinion
Kelley v. First Westroads Bank
Court of Appeals for the Eighth Circuit
Decided February 9, 1988No. Nos. 86-2443, 86-2574PublishedCited by 21 opinions
1Opinion of the Court
MAGILL, Circuit Judge.
This appeal involves an interpretation of the law applied to commercial letters of credit in Nebraska. The issuers of several letters of credit (Issuing Banks) and their respective customers (Investors) appeal from a decision of the district court1 hold*556ing that the Issuing Banks wrongfully dishonored drafts against various letters of credit presented by the Federal Deposit Insurance Corporation (FDIC), as receiver for the failed Penn Square Bank (Penn Square). This appeal consists of five separate actions which were consolidated for trial. They are the FDIC’s…
2Cases cited6 opinions
- Granny Goose Foods, Inc. v. Brotherhood of Teamsters & Auto Truck Drivers, Local No. 70Supreme Court of the United States · 1974
- Diversified Mortgage Investors v. U. S. Life Title Insurance Company of New YorkCourt of Appeals for the Second Circuit · 1976
- Federal Deposit Insurance Corp. v. Charles HatmakerCourt of Appeals for the Sixth Circuit · 1985
- Flagship Cruises, Ltd. v. New England Merchants National Bank of Boston, and Chemical BankCourt of Appeals for the First Circuit · 1978
- Brown v. United States Nat. Bank of OmahaNebraska Supreme Court · 1985
1 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Heritage Bank v. Redcom Laboratories, Inc.Court of Appeals for the Fifth Circuit · 2001
- Federal Deposit Insurance v. Deloitte & ToucheDistrict Court, E.D. Arkansas · 1992
- Fanslow v. Northern Trust Co.Appellate Court of Illinois · 1998
- Texpor Traders, Inc. v. Trust Company BankDistrict Court, S.D. New York · 1989
- Engel Industries, Inc. v. First American Bank, N.A.District Court, District of Columbia · 1992
16 more not listed; retrieve them via the Exa API.