Whitney National Bank v. Derks

OPINION OF THE COURT

MeKEAGUE, District Judge.

This is an action to enforce rights under seven promissory notes and related security agreements. The Court’s jurisdiction is premised on the parties’ diversity of citizenship. 28 U.S.C. § 1332. Now before the Court is plaintiffs motion for partial summary judgment under Fed.R.Civ.P. 56(a).

I

During the 1980’s, plaintiff Whitney National Bank loaned substantial sums of money to defendants Gerald A. Derks and his wife, Jacklyn J. Derks, and to two partnerships with which Gerald Derks was associated. The monies were loaned pursuant to seven promissory…