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BREMER BANK v. JOHN HANCOCK LIFE INS. CO.

No. 09-2250.

601 F.3d 824 (2010)

BREMER BANK, National Association, a national banking association, Plaintiff-Appellant, v. JOHN HANCOCK LIFE INSURANCE COMPANY, a Massachusetts corporation; U.S. Bank, National Association, a national banking association, Defendants-Appellees.

United States Court of Appeals, Eighth Circuit.

Filed: April 13, 2010.

Attorney(s) appearing for the Case

Paul Laurin Ratelle, argued, Minneapolis, MN, for Appellant.

David S. Cohen, argued, Washington, DC (Patrick John McLaughlin, Minneapolis, MN, Daniel DeSouza, Washington, DC, Matthew A. Martel, Richard Hiersteiner, Boston, MA, on the brief), for Appellee.

Before RILEY, Chief Judge, JOHN R. GIBSON and MURPHY, Circuit Judges.

MURPHY, Circuit Judge.

Appellant Bremer Bank (Bremer), the owner of an aircraft leased to and operated by Northwest Airlines Corporation (NWA), brought this action against John Hancock Life Insurance Company (Hancock), which represented a majority interest in the loan that furnished eighty percent of the purchase price of the aircraft, and U.S. Bank (USB). Bremer alleges that in the aftermath of NWA's bankruptcy filing, its equity in the aircraft and lease were improperly...

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