Legal Opinion
E.F. Hutton Southwest Properties II, Ltd. v. Union Planters National Bank (In re E.F. Hutton Southwest Properties II, Ltd.)
Court of Appeals for the Fifth Circuit
Decided February 19, 1992No. 91-1331PublishedCited by 1 opinion
1Opinion of the Court
REYNALDO G. GARZA, Circuit Judge:
In this case, a debtor sued an indenture trustee which did not invest funds which it collected while the funds were contested and therefore undistributed. For the reasons below, we hold that the district court did not err in granting summary judgment in favor of the indenture trustee on all claims.
BACKGROUND
On June 28, 1984, Plaintiff-Appellant (“Hutton”) entered into a Purchase Agreement with four financial institutions (“the Purchasers”), including State Mutual Life Assurance Company (“State Mutual”). Under the Purchase Agreement, the Purchasers agreed to…
2Cases cited21 opinions
- International Shortstop, Inc., and Sam Talkington v. Rally's, Inc.Court of Appeals for the Fifth Circuit · 1991
- Seven Elves, Incorporated v. Jack S. Eskenazi, Esko Industries, Inc., Gary Liebman and Jack RibackCourt of Appeals for the Fifth Circuit · 1981
- Fed. Sec. L. Rep. P 97,956 David Broad v. Rockwell International CorporationCourt of Appeals for the Fifth Circuit · 1981
- Meckel v. Continental Resources Co.Court of Appeals for the Second Circuit · 1985
- John Lejeune and Loretta Lejeune, and Aetna Casualty and Surety Company, Intervenor-Appellant v. Shell Oil CompanyCourt of Appeals for the Fifth Circuit · 1992
16 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- In Re E.F. Hutton Southwest Properties Ii, Ltd.Court of Appeals for the Fifth Circuit · 1992