Legal Opinion
Sarachek v. Luana Savings Bank
District Court, N.D. Iowa
Decided March 15, 2016No. 15-CV-1015-LRRPublishedCited by 5 opinions
1Opinion of the Court
ORDER
LINDA R. READE, CHIEF JUDGE,
U.S. DISTRICT COURT, NORTHERN DISTRICT OF IOWA
TABLE OF CONTENTS
I. INTRODUCTION .. .298
II. JURISDICTION AND STANDARD OF REVIEW .. .298
III. FACTUAL AND PROCEDURAL BACKGROUND .. .299
A. Debtor Enters Bankruptcy .. .299
*298 B. Debtor’s Relationship With The Bank .. .299
C. Sarachek v. Luana Savings Bank . . .301
D. The Appeal .. .302
IV. ANALYSIS ...302
A. Antecedent Debt .. .303
1. Intraday and true overdrafts .. .304
2. The Bank’s conduit theory .. .309
a. The dominion test .. .310
b. The control test .. .311
B. The Bank’s Affirmative Defenses .. .312
1. Contemporaneous…
2Cases cited65 opinions
- Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
- Norwest Bank Worthington v. AhlersSupreme Court of the United States · 1988
- Barnhill v. JohnsonSupreme Court of the United States · 1992
- Bonded Financial Services, Inc., Debtor-Appellant v. European American BankCourt of Appeals for the Seventh Circuit · 1988
- Studley v. Boylston National BankSupreme Court of the United States · 1913
60 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Furr v. TD Bank, N.A. (In re Rollaguard Sec., LLC)United States Bankruptcy Court, S.D. Florida. · 2018
- Newton v. Fabrication (In re Davis)United States Bankruptcy Court, E.D. Tennessee · 2018
- Spero v. Community Chevrolet, Inc. (In re Grooms)United States Bankruptcy Court, W.D. Pennsylvania · 2017
- Advanced Tissue, LLCUnited States Bankruptcy Court, E.D. Arkansas · 2023
- In re KuperUnited States Bankruptcy Court, N.D. Iowa · 2018