Legal Opinion
Four Circle Co-Op v. Kansas State Bank & Trust Co.
District Court, D. Kansas
Decided July 23, 1991No. 89-1314-C to 89-1316-CPublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM
CROW, District Judge.
These cases arise out of the bankruptcy of Fleming Grain Company, Inc. (Fleming). In 1984, Fleming, a company which profited from the resale of grain, became financially insolvent due to the principals’ losses in the commodities market. On the day Kansas State Bank and Trust Company (KSBT) learned of these losses, it set off 1 the amounts owed by Fleming. This setoff caused numerous checks issued by Fleming to bounce. The plaintiffs in these cases are persons who were issued checks by Fleming but were unable to collect from the account upon which they were…
2Cases cited17 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Moore v. State Bank of BurdenSupreme Court of Kansas · 1986
- Iola State Bank v. BolanSupreme Court of Kansas · 1984
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3Cited by3 opinions
- Dale Meyer, Doing Business as Wagner Livestock Sales Company, Cross Appellant/appellee v. Norwest Bank Iowa, National Association, Appellant/crossCourt of Appeals for the Eighth Circuit · 1997
- Construction Services of Samoa, Inc. v. Bank of HawaiiHigh Court of American Samoa · 2004
- Dale Meyer v. Norwest Bank IowaCourt of Appeals for the Eighth Circuit · 1997