Farm Credit Bank of Wichita v. FCB Ltd. Partnership

MEMORANDUM AND ORDER

BELOT, District Judge.

This matter is before the court on the motion for summary judgment of defendants Paul Thomas Mann, Omega Development Corporation, and Omega Investments, Inc. Defendants claim that plaintiffs’ cause of action is barred by the statute of limitations.

I. Background 1

This diversity action arises from a December 1986 agreement (“the Agreement”) under which plaintiff Farm Credit Bank (“Farm Credit”) agreed to loan funds to defendant FCB Limited Partnership (“FCB”). The purpose of the loan was to finance the purchase of real property (“the Project”). Pursuant…