Diamond v. Union Bank and Trust of Bartlesville

ORDER

H. DALE COOK, Chief Judge.

Before the Court is the motion of defendant Federal Deposit Insurance Corporation (FDIC) for summary judgment against plaintiffs and against third-party defendant.

This action began in state court, with plaintiffs seeking to have various financial instruments which plaintiffs executed declared void.

Plaintiffs asserted that Union Bank and Trust of Bartlesville (Union Bank) violated 12 U.S.C. § 1972, which prohibits a bank from conditioning extension of credit or continuation of extension of credit upon a customer’s assuming debts held by the bank. Plaintiffs also…