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WAINWRIGHT BANK v. RAILROADMENS FEDERAL SAV.

No. 85-2680.

806 F.2d 146 (1986)

WAINWRIGHT BANK & TRUST COMPANY, Plaintiff, v. RAILROADMENS FEDERAL SAVINGS & LOAN ASSOCIATION OF INDIANAPOLIS, et al., Defendants. Robert H. WILSON, Samuel L. Dowden, and Nancy C. Dowden, Defendants and Third-Party Plaintiffs-Appellants, v. The UNITED STATES SMALL BUSINESS ADMINISTRATION, Third-Party Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided November 25, 1986.

Attorney(s) appearing for the Case

Matthew H. Hobbs, Tabbert, Creamer & Capehart, Indianapolis, Ind., for defendants and third-party plaintiffs-appellants.

Gerald A. Coraz, Asst. U.S. Atty., John Daniel Tinder, U.S. Atty., Indianapolis, Ind., for third-party defendant-appellee.

Before WOOD and COFFEY, Circuit Judges, and ESCHBACH, Senior Circuit Judge.

COFFEY, Circuit Judge.

Third-party plaintiffs-appellants, Robert H. Wilson and Samuel L. Dowden, seek reversal of the district court's grant of summary judgment in favor of third-party defendant-appellees, the United States Small Business Administration. We affirm.

I.

There is no dispute as to the facts. Robert H. Wilson and Samuel L. Dowden, third-party plaintiffs-appellants ("plaintiffs" or "appellants") were the founders of the Golden Manor Corporation...

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