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FDIC v. VIRGINIA CROSSINGS PARTNERSHIP

No. 89-5463MN.

909 F.2d 306 (1990)

FEDERAL DEPOSIT INSURANCE CORPORATION, in its corporate capacity, Appellee, v. VIRGINIA CROSSINGS PARTNERSHIP, a Minnesota general partnership, Leo W. Lund and David Stewart, Appellants.

United States Court of Appeals, Eighth Circuit.

Decided July 18, 1990.

Attorney(s) appearing for the Case

Christopher A. Elliott, St. Paul, Minn. (Gary F. Albrecht, and Christoffel & Elliott, P.A., St. Paul, Minn., on the brief), for appellants Virginia Crossings Partnership, et al.

John Paul Martin, Minneapolis, Minn. (Peterson, Tews & Squires, Minneapolis, Minn., John Douglas, Mark Rosen, Ann S. DuRoss and Jaclyn C. Taner, Washington, D.C., on the brief), for appellee Federal Deposit Ins. Corp.

Before LAY, Chief Judge, JOHN R. GIBSON and TIMBERS, Circuit Judges.

TIMBERS, Circuit Judge:

Appellants in this action are Virginia Crossings Partnership ("Virginia Crossings" or "Partnership"), a general partnership, and Leo W. Lund and David Stewart, the general partners. Appellee is the Federal Deposit Insurance Corporation ("FDIC"), in its corporate capacity as the purchaser of certain assets of the Guaranty State Bank of St. Paul, Minnesota ("Bank").

Appellants appeal from a summary judgment entered July 5, 1989, in the...

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