Legal Opinion
Northwest Bank and Trust Company v. First Illinois National Bank, Now Known as the National Bank Christopher L. Bryant
Court of Appeals for the First Circuit
Decided December 31, 2003No. 02-3746PublishedCited by 73 opinions
1Opinion of the Court
LAY, Circuit Judge.
Northwest Bank and Trust Company (“Northwest”) alleges that First Illinois National Bank and its president, Christopher Bryant (collectively, “FINB”), acted improperly in both procuring Northwest’s participation in, and managing the servicing of, a loan participation agreement. Northwest asserts claims of: 1) fraudulent inducement, 2) fraudulent conveyance, 3) breach of fiduciary duty, 4) breach of contract, and 5) unjust enrichment. The district court entered summary judgment in favor of FINB on all counts, and Northwest appeals. All parties agree that Iowa law applies. We…
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