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RESOLUTION TRUST CORP. v. FLANAGAN

Civ. No. 4-92-152.

821 F.Supp. 572 (1993)

RESOLUTION TRUST CORPORATION, in its Capacity as Receiver for United Federal Savings Bank, a Federal Association, Plaintiff, v. Ronald J. FLANAGAN and Beverly Flanagan, Defendants.

United States District Court, D. Minnesota, Fourth Division.

May 18, 1993.

Attorney(s) appearing for the Case

Mary E. Senkus, Jeffry Anderson, and Oppenheimer Wolff & Donnelly, Minneapolis, MN, for plaintiff.

David L. Sasseville, and Lindquist and Vennum, Minneapolis, MN, for defendants.

ORDER

DOTY, District Judge.

This matter is before the court on the plaintiff's motion for summary judgment. Based on a review of the file, record and proceedings herein, the court denies the plaintiff's motion.

BACKGROUND

On May 30, 1988, United Federal Savings Bank ("United Federal") loaned defendant Ronald J. Flanagan $600,000. The loan is evidence by a promissory note ("note") dated May 30, 1988, in the amount of $600,000. The note had...

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