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WALDSCHMIDT v. IOWA LAKES PROD. CREDIT

No. 85-330.

380 N.W.2d 704 (1986)

Jack WALDSCHMIDT, Appellant, v. IOWA LAKES PRODUCTION CREDIT ASSOCIATION, Appellee.

Supreme Court of Iowa.

January 15, 1986.

Attorney(s) appearing for the Case

Steven W. Hendricks of Kersten, Opheim & Carlson, Fort Dodge, for appellant.

Donald J. Bormann of Doran & Bormann, Emmetsburg, and Emil Trott, Jr. of Barrett & Trott, Des Moines, for appellee.

Considered en banc.

WOLLE, Justice.

Plaintiff Jack Waldschmidt filed a multiple-count action for damages against defendant Iowa Lakes Production Credit Association (Iowa Lakes) claiming breach of contract, breach of fiduciary duty, and numerous theories of tort liability. Iowa Lakes by special appearance asserted that the federal district court had exclusive jurisdiction to decide plaintiff's claims because production credit associations are federal instrumentalities covered by the Federal...

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