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ABERDEEN PRODUCTION CREDIT ASS'N v. JARRETT RANCHES, INC.

Civ. No. 85-1066.

638 F.Supp. 534 (1986)

ABERDEEN PRODUCTION CREDIT ASSOCIATION, Plaintiff, v. JARRETT RANCHES, INC., A Corporation; Jarrett Elevators, Inc., a Corporation; Donald D. Jarrett, Ronald R. Jarrett; Jeannine C. Jarrett and Jacqueline Jarrett, Defendant and Third Party Plaintiffs, v. FEDERAL INTERMEDIATE CREDIT BANK of OMAHA, Third Party Defendant.

United States District Court, D. South Dakota.

May 14, 1986.

Attorney(s) appearing for the Case

Carlyle Richards, Ronayne & Richards, Aberdeen, S.D., for plaintiff.

Philip W. Morgan, Britton, S.D., and James M. Corum, Minneapolis, Minn., and Jarvis W. Brown, Faulkton, S.D., for defendants and third party plaintiffs.

Brent A. Wilbur, May, Adam, Gerdes & Thompson, Pierre, S.D., for third party defendant.

MEMORANDUM OPINION

DONALD J. PORTER, Chief Judge.

Plaintiff, Aberdeen Production Credit Association (PCA), commenced the present action in the Circuit Court of Marshall County, South Dakota, seeking the foreclosure of security interests in certain personal and real property owned by the defendants. Defendants have counterclaimed against PCA for 1) misrepresentation and negligence in financial advice; 2) for breach...

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