FINANCIAL GUAR. INS. v. CITY OF FAYETTEVILLE, ARK.

No. 90-2808.

943 F.2d 925 (1991)

FINANCIAL GUARANTY INSURANCE COMPANY, Appellant, v. The CITY OF FAYETTEVILLE, ARKANSAS; the City of West Fork, Arkansas; Washington County, Arkansas; Northwest Arkansas Resource Recovery Authority, Appellees, Vickie Kelley; Katherine E. Barnhart; Carl Brooks (Cross-Claimants Below), Appellees, Union National Bank, Little Rock, Arkansas (Cross-Claimant Below), Appellee.

United States Court of Appeals, Eighth Circuit.

Decided September 11, 1991.


Attorney(s) appearing for the Case

Robert Rifkind, New York City, argued (Brian Frasier, New York City, and Larry Burks, Little Rock, Ark., on brief), for appellant.

Marshall Evans, Fayetteville, Ark., argued (Kent Hirsch, Springdale, Ark., on brief), for appellees.

Before BEAM, Circuit Judge, FLOYD R. GIBSON, Senior Circuit Judge, and URBOM, Senior District Judge.


FLOYD R. GIBSON, Senior Circuit Judge.

Financial Guaranty Insurance Company (FGIC) appeals the district court's1 dismissal of this case for lack of jurisdiction. We affirm.

I. BACKGROUND

The unique factual circumstances that gave rise to this litigation are extraordinarily important to our decision. We rely heavily on the district court's description of the events that precipitated this litigation.

In early 1980...

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