United States Eighth Circuit

Summary judgment for plaintiff-bond issuer in a declaratory action over coverage for losses arising from loans made by defendant-bank involving forged guarantors' signatures is affirmed over claims that: 1) faxed copies of guarantees should be treated as if they were originals, and that the bank's possession of faxed guarantees satisfied a bond's physical possession condition; and 2) the bank was entitled to relief under the illusory coverage doctrine.

Appellate Information

• Decided 07/17/2006
• Published 07/17/2006

Judges

• HEANEY, Circuit Judge., Before SMITH, HEANEY, and GRUENDER, Circuit Judges.

Court

• United States Eighth Circuit

Counsel

• For Appellant:
  
• Thomas H. Boyd and Matthew R. McBride, Minneapolis, MN, for appellant.


• For Appellees:
  
• David H. Gregerson and Mark Johnson, Minneapolis, MN, for appellee.