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WAYZATA BANK & TRUST CO. v. A & B FARMS

No. 87-5184.

855 F.2d 590 (1988)

WAYZATA BANK & TRUST COMPANY, a Minnesota Banking Association, as Trustee and Minneapolis Grain Exchange, a Minnesota non-profit corporation, Appellants, v. A & B FARMS, Appleton Farmer's Co-op Elevator, et al., Appellees.

United States Court of Appeals, Eighth Circuit.

Decided August 30, 1988.

As Amended October 6, 1988.

Attorney(s) appearing for the Case

Thomas L. Kimer, Minneapolis, Minn., for appellants.

James E. Lindell, Minneapolis, Minn., for appellees.

Before JOHN R. GIBSON and BEAM, Circuit Judges, and DUMBAULD, Senior District Judge.

JOHN R. GIBSON, Circuit Judge.

Wayzata Bank and Trust Company appeals from the order of the district court1 holding it liable for breach of a fiduciary duty and ordering it to pay damages in the amount of $200,000 plus interest. Wayzata argues that the district court erred in permitting its opponents to amend their answers and assert their counterclaims for breach of a fiduciary duty and in entering judgment against it as a matter of law...

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