Meyer, et al v. U.S. Bank National Assoc., No. 12-1583 (8th Cir. 2013)
Annotate this CasePlaintiffs sued U.S. Bank after the Bank enforced its rights under a revolving credit agreement on which plaintiffs failed to make timely payment. The district court granted summary judgment for the Bank, ruling that plaintiffs, by signing forbearance agreements, released all claims against the Bank, and rejected the contention that these agreements were void because of duress caused by an alleged forgery. The alleged forgery was immaterial to the claims because plaintiffs failed to pay the loan by the maturity date, and the Bank was entitled to enforce its rights under the revolving credit agreement. The court agreed with the district court that the alleged forgery was immaterial and affirmed the judgment.
Court Description: Civil Case - diversity. District court's grant of summary judgment to bank is affirmed, as all claims against the bank were released in forbearance agreements and agreements were not void because of any duress caused by alleged forgery. The alleged forgery was immaterial to the claim.
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