United States v. Jefferson Trust & Savings Bank

MERCER, Chief Judge.

Plaintiffs, the United States of America and the Export-Import Bank of Washington, filed this suit for damages against the defendant, Jefferson Trust and Savings Bank. The cause is before the court upon defendant’s motion for summary judgment.

The suit arises out of a loan made by the Export-Import Bank, hereinafter for convenience referred to as Export, to the Cotes de Fer Corporation, upon which Cotes later defaulted. The theory of the action stated in the complaint is that the defendant wilfully misled Export as to the amount of moneys on deposit with defendant in favor…