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WETHERILL v. PUTNAM INVESTMENTS

No. 96-2781.

122 F.3d 554 (1997)

Leo G. WETHERILL and LGW Energy Resources, Inc., Appellants, v. PUTNAM INVESTMENTS, a Mutual Fund, and State Street Bank & Trust Company, a State Banking Corporation, Appellees.

United States Court of Appeals, Eighth Circuit.

Decided August 8, 1997.

Attorney(s) appearing for the Case

Dan C. Sanders, Kansas City, MO, argued, for Appellant.

Lauri A. Putthof, Kansas City, MO, argued (Kurt D. Williams, James F. Duncan and Betsy Morgan Garvin, Kansas City, Mo, on the brief), for Appellee.

Before HANSEN and MORRIS SHEPPARD ARNOLD, Circuit Judges, and MELLOY, District Judge.

MORRIS SHEPPARD ARNOLD, Circuit Judge.

Leo G. Wetherill and LGW Energy Resources, Inc., appeal from the district court's2 order granting the defendants' motion for summary judgment and dismissing the complaint. For the reasons discussed below, we affirm.

I.

In August, 1985, Mr. Wetherill (LGW's president, vice-president, and sole shareholder) opened a corporate cash trust account for LGW with defendant Putnam Investments...

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