Legal Opinion
Regions Bank v. St. James Hotel, L.L.C.
Louisiana Court of Appeal
Decided June 4, 2014No. Nos. 2013-CA-1628, 2013-CA-1629PublishedCited by 1 opinion
1Opinion of the Court
MAX N. TOBIAS, JR., Judge.
|TIn this appeal, the appellant, 330 Magazine Street, L.L.C. (“330 Magazine”), seeks the costs associated with the purchase and redemption of a litigious right. Because we find 330 Magazine’s arguments contrary to the law, we affirm the judgment below.
On 20 August 2009, St. James Hotel, L.L.C. (“St. James”) executed a promissory note in the amount of $4,864,446.02 in favor of Regions Bank (“Regions”).1 The note called for monthly payments and a balloon payment of the remaining balance on 30 June 2012. The note also provided for a variable interest rate of 4.25…
2Cases cited4 opinions
- Smith v. CookSupreme Court of Louisiana · 1937
- Mistich v. Volkswagen of Germany, Inc.Louisiana Court of Appeal · 1997
- Luk-Shop, L.L.C. v. Riverwood LaPlace Associates, L.L.C.Supreme Court of Louisiana · 2002
- Hibernia National Bank v. BlossmanLouisiana Court of Appeal · 1991