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WARD PETROLEUM CORP. v. FEDERAL DEPOSIT INS. CORP.

No. 88-1813.

903 F.2d 1297 (1990)

WARD PETROLEUM CORPORATION, Plaintiff-Appellant, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for the First National Bank and Trust Company of Oklahoma City, N.A.; Federal Deposit Insurance Corporation, as Insurer of deposits at First National Bank and Trust Company of Oklahoma City, N.A.; Continental Illinois National Bank & Trust Company of Chicago, N.A., Defendants-Appellees.

United States Court of Appeals, Tenth Circuit.

May 21, 1990.

Attorney(s) appearing for the Case

J. Randall Robinson (Martha L. Marshall with him on the briefs) of Musser, Bunch, Robinson & Hirsch, Oklahoma City, Okl., for plaintiff-appellant.

Pamela S. Anderson (Theodore Q. Eliot and Oliver S. Howard, with her on the brief) of Gable & Gotwals, Tulsa, Okl., for defendant-appellee Federal Deposit Ins. Corp.

Mack J. Morgan III of Crowe & Dunlevy, Oklahoma City, Okl., for defendant-appellee Continental Illinois Nat. Bank and Trust Co. of Chicago, N.A.

Before LOGAN, BARRETT and EBEL, Circuit Judges.

LOGAN, Circuit Judge.

Plaintiff Ward Petroleum Corporation (Ward) appeals from summary judgment in favor of defendants Federal Deposit Insurance Corporation (FDIC), as receiver for First National Bank and Trust Company of Oklahoma City (First), and Continental Illinois National Bank and Trust Company of Chicago (Continental) on Ward's claim for wrongful dishonor of its draft under a standby letter of credit.

Ward was the operator on various oil leases, and...

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