FEDERAL DEPOSIT INS. CORP. v. KRATZ

No. 89-2103SI.

898 F.2d 669 (1990)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff/Appellee, v. Douglas M. KRATZ, Defendant/Appellant.

United States Court of Appeals, Eighth Circuit.

Decided March 16, 1990.


Attorney(s) appearing for the Case

Patrick J. McNulty, Des Moines, Iowa, for defendant/appellant.

Megan Antenucci, Des Moines, Iowa, for plaintiff/appellee.

Before WOLLMAN and MAGILL, Circuit Judges, and BOGUE Senior District Judge.


BOGUE, Senior District Judge.

Douglas M. Kratz appeals from an order of the district court1 granting the Federal Deposit Insurance Corporation's (FDIC) motion for summary judgment. The district court concluded that Kratz's personal guaranty on a note obligated his payment to FDIC pursuant to 12 U.S.C. § 1823(e), even though Kratz raised the defense that he was fraudulently induced to enter...

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