Hedged Investment Partners, L.P. v. Norwest Bank Minnesota, N.A.

OPINION

LANSING, Judge.

On cross-motions for summary judgment in a dispute involving a series of wire transfers, the district court granted summary judgment for Hedged Investment Partners and its general managing partner, Blue Rock Investment Advisors. The district court de nied Norwest’s summary judgment motions. Norwest appeals, and we affirm in part, reverse in part, and remand.

FACTS

Hedged Investment Partners (HIP) is a Minnesota limited partnership formed to make investments in minimum amounts of $100,000 on behalf of third parties. In September 1993 HIP and Norwest Bank executed an “Agency…