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IN RE CALUMET FARM, INC.

No. 03-5533.

398 F.3d 555 (2005)

In re: CALUMET FARM, INC., Debtor. First National Bank & Trust Co., Appellant, v. Peter M. Brant and White Birch Farm, Inc., Appellees.

United States Court of Appeals, Sixth Circuit.

Decided and Filed: February 17, 2005.

Attorney(s) appearing for the Case

ARGUED: William L. Montague, Stoll, Keenon & Park, Lexington, Kentucky, for Appellant. William W. Allen, Gess, Mattingly & Atchison, Lexington, Kentucky, for Appellee. ON BRIEF: William L. Montague, Stoll, Keenon & Park, Lexington, Kentucky, for Appellant. William W. Allen, C. Timothy Cone, Gess, Mattingly & Atchison, Lexington, Kentucky, for Appellee.

Before: GILMAN and SUTTON, Circuit Judges; McKEAGUE, District Judge.

OPINION

GILMAN, Circuit Judge.

This case arises out of a botched electronic wire transfer from Calumet Farm, Inc. to Peter M. Brant and White Birch Farm, Inc. (collectively, White Birch). On Friday, March 8, 1991, Calumet initiated the wire transfer of $77,301.58 by a payment order to its bank, First National Bank & Trust Company. This amount was calculated by Calumet as a payment of interest on its outstanding debt of over $1 million due to White Birch...

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