Adam v. Mt. Pleasant Bank & Trust Co.

LARSON, Justice.

This is another chapter in a lengthy series of litigation arising out of the failure of the Prairie Grain Company of Stockport, Iowa. See Adam v. State, 380 N.W.2d 716 (Iowa 1986); Countryman v. Mt. Pleasant Bank & Trust Co., 357 N.W.2d 599 (Iowa 1984); Adam v. Mt. Pleasant Bank & Trust Co., 355 N.W.2d 868 (Iowa 1984); Adam v. Mount Pleasant Bank & Trust Co., 340 N.W.2d 251 (Iowa 1983). In the present case, the district court awarded judgment for the plaintiffs in two separate cases, consolidated for appeal, which raise identical issues. We affirm.

When Prairie Grain failed in…