Billings Utility Co. v. Advisory Committee

GARDNER, Circuit Judge.

This was an action brought by appellant as plaintiff seeking to recover from the Federal Reserve Bank of Minneapolis damages in the sum of $500,000 and the further sum of $10,000 as an attorney fee because of the alleged wilful, arbitrary, capricious, tyrannical, oppressive, monopolistic and unjustifiable refusal of the bank to make appellant a loan of $35,000. We shall refer to the parties as they were designated in the trial court. The defendant bank moved for summary judgment of dismissal on the grounds (1) that the United States District Court for the District of…