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BUCK v. AMERICAN STATES LIFE INS. CO.

No. 88-1548C(1).

723 F.Supp. 155 (1989)

Marilyn BUCK, et al., Plaintiffs, v. AMERICAN STATES LIFE INSURANCE COMPANY, Defendant.

United States District Court, E.D. Missouri, E.D.

October 13, 1989.

Attorney(s) appearing for the Case

Mark Bossi, Thompson & Mitchell, St. Louis, Mo., for plaintiffs.

Clark Cole/Kenneth Teasdale, Armstrong, Teasdale, Kramer, Vaughn & Schlafly, St. Louis, Mo., for defendant.

MEMORANDUM

NANGLE, Chief Judge.

This matter is now before the Court on the parties' cross motions for summary judgment. The following facts are undisputed:

In 1986, Joseph Buck, president of JoMar Enterprises, Inc., sought a loan of $300,000.00 from the First National Bank of Belleville in order to obtain additional financing for the company. As collateral for the loan, First National Bank required that Buck obtain a $200,000.00 life insurance policy...

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