Court of Appeals for the Fifth Circuit July 2, 1981, 79-2031 (Morgan Guaranty Trust Company of New York v. Peter E. Blum, Peter E. Blum)

R. LANIER ANDERSON, III, Circuit Judge:

The appellant appeals from the entry of summary judgment in favor of the appellee, Morgan Guaranty Trust Company of New York (“Morgan”), in a suit on a note. The suit was filed on December 9, 1975, and in his original answer the appellant raised a number of defenses and two counterclaims. Thereafter, the parties proceeded with discovery.