Hardin County Savings Bank v. City of Brainerd

ORDER

LINDA R. READE, Chief Judge.

TABLE OF CONTENTS

I. INTRODUCTION.1014

II. RELEVANT PROCEDURAL BACKGROUND.1014

III. SUBJECT-MATTER JURISDICTION.1015

IV. FACTS.1015

A. Parties .1015

1. Plaintiffs.1015

2. Defendants.1015

B. Development Plans.1016

C. Bonds .1016

D. Appraisal.1016

E. Study.1017

F. Memorandum and Mortgage.1017

G. Purchase of Bonds.1018

H. Project .1018

I. 2007 Appraisal.1018

J. Default.1018

V. ARGUMENTS.1019

VI. ANALYSIS.1019

A. Failure to State a Claim: Legal Standard.1020

B. Loss Causation.1020

1. Applicable standard.1021

2. Application of Schaaf and Dura .1022

3. Plaintiffs’Resistance .1028

C.…