Filed: Nov. 26, 1997
Latest Update: Mar. 02, 2020
Summary: UNITED STATES COURT OF APPEALS FIFTH CIRCUIT _ No. 97-10371 (Summary Calendar) _ NATIONAL FAMILY CARE LIFE INSURANCE, Plaintiff-Appellant, versus CANADIAN IMPERIAL BANK OF COMMERCE, Defendant-Appellee. Appeal from the United States District Court For the Northern District of Texas (3:96-CV-1902-BD) October 7, 1997 Before WIENER, BARKSDALE, and EMILIO M. GARZA, Circuit Judges. PER CURIAM:* National Family Care Life Insurance Company (“NFC”) appeals the trial court’s grant of summary judgment to C
Summary: UNITED STATES COURT OF APPEALS FIFTH CIRCUIT _ No. 97-10371 (Summary Calendar) _ NATIONAL FAMILY CARE LIFE INSURANCE, Plaintiff-Appellant, versus CANADIAN IMPERIAL BANK OF COMMERCE, Defendant-Appellee. Appeal from the United States District Court For the Northern District of Texas (3:96-CV-1902-BD) October 7, 1997 Before WIENER, BARKSDALE, and EMILIO M. GARZA, Circuit Judges. PER CURIAM:* National Family Care Life Insurance Company (“NFC”) appeals the trial court’s grant of summary judgment to Ca..
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UNITED STATES COURT OF APPEALS
FIFTH CIRCUIT
_________________
No. 97-10371
(Summary Calendar)
_________________
NATIONAL FAMILY CARE LIFE INSURANCE,
Plaintiff-Appellant,
versus
CANADIAN IMPERIAL BANK OF COMMERCE,
Defendant-Appellee.
Appeal from the United States District Court
For the Northern District of Texas
(3:96-CV-1902-BD)
October 7, 1997
Before WIENER, BARKSDALE, and EMILIO M. GARZA, Circuit Judges.
PER CURIAM:*
National Family Care Life Insurance Company (“NFC”) appeals
the trial court’s grant of summary judgment to Canadian Imperial
Bank of Commerce (“CIBC”) on the grounds that the trial court erred
in holding the “holder in due course” defense applicable to actions
for conversion and money had and received.
Pursuant to 28 U.S.C. § 636(c), the parties tried the case
*
Pursuant to 5TH CIR. R. 47.5, the court has determined that
this opinion should not be published and is not precedent except
under the limited circumstances set forth in 5TH CIR. R. 47.5.4.
before a United States Magistrate Judge. For the reasons set forth
in the magistrate’s final order, we AFFIRM the dismissal of NFC’s
claims. We find additional support for the magistrate’s ruling in
Texas Stadium Corp. v. Savings of America,
933 S.W.2d 616, 619 (Tx.
Ct. App. 1996, writ denied) (holding that final payment rule bars
common law causes of action for negligence, conversion, and money
had and received, where “payment or acceptance of any instrument is
final if made in favor of (1) a holder in due course or (2) a
person who has in good faith changed his position in reliance on
the payment”) (citations omitted).
AFFIRMED.
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