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FEDERAL DEPOSIT INS. CORP. v. INVESTORS ASSOCIATES X., LTD.

Nos. 84-6013, 6014.

775 F.2d 152 (1985)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff-Appellee, v. INVESTORS ASSOCIATES X., LTD. and Milton A. Turner, Defendants-Appellants.

United States Court of Appeals, Sixth Circuit.

Decided October 23, 1985.

Attorney(s) appearing for the Case

G. Wendell Thomas, Jr. (LEAD) argued, Kennerly, Montgomery & Finley, Knoxville, Tenn., for defendants-appellants.

Ellis A. Sharp, E. Reynolds Davies, Jr. (LEAD) argued, Morton, Lewis, King & Krieg, Nashville, Tenn., for plaintiff-appellee, in No. 84-6013.

E. Reynolds Davies, Jr. (LEAD) argued, Morton, Lewis, King & Krieg, Nashville, Tenn., for plaintiff-appellee, in No. 6014.

Before: MARTIN and CONTIE, Circuit Judges; and CELEBREZZE, Senior Circuit Judge.

CELEBREZZE, Senior Circuit Judge.

Defendants-appellants Milton Turner and Investors Associates X., Ltd. (collectively and individually referred to as "Turner") appeal from a district court's decision granting summary judgment in favor of plaintiff-appellee Federal Deposit Insurance Corporation (FDIC) on two promissory notes in the amounts of $750,000.00 and $140,000.00. On appeal, Turner contends that issues of material fact exist as to his defenses that he had a...

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