DIANA E. MURPHY, Circuit Judge.
Fidelity & Deposit Company of Maryland (Fidelity) brought this diversity action against The Merchants Bank (Merchants), James and Frances Rodgers, Louis Conter, and Westfield Development Company (Westfield) seeking reinstatement of a letter of credit issued by Merchants and canceled at Fidelity's request. Prior to its cancellation the letter had served as collateral for an appeal bond posted in a state case by James Rodgers, Conter...
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