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CADLEWAY PROPERTIES, INC. v. OSSIAN STATE BANK

No. 06-2033.

478 F.3d 767 (2007)

CADLEWAY PROPERTIES, INC., Plaintiff-Appellant, v. OSSIAN STATE BANK and Richard A. Magley, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided February 15, 2007.

Attorney(s) appearing for the Case

Daniel E. Serban (argued), Fort Wayne, IN, for Plaintiff-Appellant.

Richard Magley, Fort Wayne, IN, pro se.

G. Martin Cole, Jeremy J. Grogg (argued), Burt, Blee, Dixon, Sutton & Bloom, Fort Wayne, IN, for Defendant-Appellee.

Before EASTERBROOK, Chief Judge, and ROVNER and WOOD, Circuit Judges.

EASTERBROOK, Chief Judge.

Cadleway Properties and Ossian State Bank filed suits in state court to foreclose on security interests that Richard A. Magley and several of his businesses had given to secure loans. The Small Business Administration, a guarantor on some of these loans, removed both proceedings, which were consolidated in federal court. The current appeal arises from a dispute between Cadleway and Ossian State Bank about which of them is the beneficiary...

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