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HEALTHSTYLE PRODUCTS INTERNATIONAL, INC. v. UNION PLANTERS BANK

No. ED 86371.

193 S.W.3d 330 (2006)

HEALTHSTYLE PRODUCTS INTERNATIONAL, INC., Appellant, v. UNION PLANTERS BANK, Respondent, and A.G. Edwards & Sons, Inc., Defendant.

Missouri Court of Appeals, Eastern District, Division One.

Motion for Rehearing and/or Transfer Denied May 4, 2006.

Application for Transfer Denied June 30, 2006.

Attorney(s) appearing for the Case

Jonathan F. Andres, Clayton, MO, for appellant.

David G. Wasinger, Assistant Attorney General, St. Louis, MO, for respondent.

Motion for Rehearing and/or Transfer to Supreme Court Denied May 4, 2006.

PATRICIA L. COHEN, Judge.

Healthstyle Products International Inc. ("Products") appeals from the trial court's grant of a summary judgment in favor of Union Planters Bank N.A. ("the Bank") in an action for interpleader. We reverse and remand.

The Bank loaned $2,000,000.00 to Products in 1998. To secure its obligation, Products executed several agreements, including a promissory...

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