Flying Diamond Corp. v. Pennaluna & Co.

JAMESON, District Judge:

The Flying Diamond Corporation (FDC) has appealed from a summary judgment in favor of Jerry T. O’Brien, Inc., d/b/a Pennaluna & Company, and Jerry T. O’Brien individually (collectively referred to as *709“Pennaluna”), and First National Bank of Wallace, Idaho, now known as First National Bank of North Idaho (First National Bank), guarantors of endorsements on stock certificates issued by FDC. In its complaint FDC alleged fraud, conversion, negligence and breach of warranty on guarantees of signatures and endorsements by appellees. On cross-motions for summary judgment, the…