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JARRETT RANCHES, INC. v. FARM CREDIT BANK OF OMAHA

Civ. No. 89-1048.

128 B.R. 263 (1990)

JARRETT RANCHES, INC., Jarrett Elevators, Inc., Donald D. Jarrett and Jeannine Jarrett, Husband and Wife; and Ronald R. Jarrett and Jacqueline Jarrett, Husband and Wife, Plaintiffs/Appellees, v. FARM CREDIT BANK OF OMAHA, Production Credit Association of Midlands, and Federal Land Bank Association of Aberdeen, Defendants/Appellants.

United States District Court, D. South Dakota, C.D.

November 21, 1990.

Attorney(s) appearing for the Case

Philip Morgan, Britton, S.D., Norman J. Baer, Terrence M. Fruth, Minneapolis, Minn., for plaintiffs, appellees.

Brent A. Wilbur, Timothy M. Engel, May, Adams, Gerdes & Thompson, Pierre, S.D., for defendants, appellants.

MEMORANDUM OPINION

DONALD J. PORTER, Chief Judge.

I. BACKGROUND

The plaintiffs/appellees [hereafter plaintiffs], Jarrett Ranches, Inc., Jarrett Elevators, Inc., Donald Jarrett, Jeannine Jarrett, Ronald Jarrett and Jacqueline Jarrett, brought suit in bankruptcy court seeking declaratory and injunctive relief against the defendants/appellants [hereafter defendants]. The Jarretts' cause of action was based on the defendants' alleged violations of...

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