Legal Opinion

LTV Federal Credit Union v. UMIC Government Securities, Inc.

District Court, N.D. Texas

Decided September 1, 1981No. Civ. A. CA-3-80-0795-G, CA-3-80-1094-GPublishedCited by 20 opinions

1Opinion of the Court

MEMORANDUM OPINION

PATRICK E. HIGGINBOTHAM, District Judge.

These consolidated actions arise out of the breach of a standby commitment agreement (“Standby Commitment”) between LTV Federal Credit Union (“LTV”) and UMIC Government Securities, Inc. (“UMIC”). LTV seeks a declaratory judgment that the Standby Commitment is unenforceable. UMIC and Banco de la Nación Argentina (“Banco”) seek damages of $1,146,250, pre-judgment interest, and their reasonable attorneys’ fees and court costs. This Opinion sets forth this court’s findings of fact and conclusions of law. Fed.R. Civ.P. 52(a).

I

On June 26,…

2Cases cited47 opinions

  1. Johnson v. Georgia Highway Express, Inc.Court of Appeals for the Fifth Circuit · 1974
  2. John D. Williamson, Plaintiffs-Appellants-Cross v. Gordon G. Tucker, Defendants-Appellees-CrossCourt of Appeals for the Fifth Circuit · 1981
  3. Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
  4. United Housing Foundation, Inc. v. FormanSupreme Court of the United States · 1975
  5. Tcherepnin v. KnightSupreme Court of the United States · 1967

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3Cited by20 opinions

  1. Thomas v. StateCourt of Criminal Appeals of Texas · 2001
  2. Fed. Sec. L. Rep. P 91,512 Richard N. Abrams v. Oppenheimer Government Securities, Inc. And James ZurekCourt of Appeals for the Seventh Circuit · 1984
  3. Board Of Trade Of The City Of Chicago v. Securities And Exchange CommissionCourt of Appeals for the Seventh Circuit · 1982
  4. Board Of Trade Of The City Of Chicago v. Securities And Exchange CommissionCourt of Appeals for the Seventh Circuit · 1989
  5. Plains Electric Generation & Transmission Cooperative v. New Mexico Public Utility CommissionNew Mexico Supreme Court · 1998

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