Rigby Corp. v. Boatmen's Bank and Trust Co.

SHANGLER, Judge.

This suit arose out of a commercial loan transaction between Rigby Corporation and Boatmen’s Bank and Trust Company of Kansas City and, incidentally, Boatmen’s Bancshares, Inc. Rigby brought a petition in eight counts which asserted tort claims against Bank and Bancshares for nonextension of the Rigby promissory note and for the exercise of collection remedies. Bank and Bancshares counterclaimed that the loan was fraudulently and otherwise unlawfully induced, and sought damages and equitable relief. The trial court thereafter, on the basis of voluminous deposition testimony,…