Legal Opinion

Agri Export Cooperative v. Universal Savings Ass'n

District Court, S.D. Texas

Decided May 21, 1991No. Civ. A. H-89-1193PublishedCited by 28 opinions

1Opinion of the Court

FINDINGS OF FACT AND CONCLUSIONS OF LAW

HUGH GIBSON, District Judge.

This action was brought by the plaintiffs Agri Export Cooperative and Bankers Trust Company to enforce payment on a letter of credit issued by Universal Savings Association. The case was tried to the Court on March 26, 1991. The following Findings of Fact and Conclusions of Law are made pursuant to Fed.R.Civ.P. 52.

Findings of Fact

1. On February 14, 1986 James Purdom, President of Universal Savings Association, executed “Letter of Credit No. 70” in favor of Agri Export Cooperative, in the amount of “up to an aggregate of one…

2Cases cited33 opinions

  1. D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
  2. Cheek v. United StatesSupreme Court of the United States · 1991
  3. Pension Benefit Guaranty Corporation v. LTV Corp.Supreme Court of the United States · 1990
  4. Langley v. Federal Deposit InsuranceSupreme Court of the United States · 1987
  5. Rodriguez v. United StatesSupreme Court of the United States · 1987

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3Cited by28 opinions

  1. Federal Deposit Insurance Corporation, as Receiver for the First National Bank of Toms River, New Jersey v. Lawrence E. Bathgate, II Novasau Associates, a New Jersey Limited Partnership New Nas, Inc. T. Pamela Bathgate 54 Buena Vista Associates, a New Jersey Limited Partnership Tuscol Development, Inc., a New Jersey Corporation Old Monmouth Associates, a New Jersey Partnership Airport Associates, a New Jersey Partnership Gerald A. Gura the Club at West Deptford, a Limited Partnership, a New Jersey Limited Partnership State of New Jersey Columbia Savings and Loan Association Asset Recovery Management, Inc. William Bowman Associates, Inc. National Westminster Bank Nj, Successor to First Jersey National Bank/south. Lawrence E. Bathgate, II Novasau Associates New Nas, Inc. 54 Buena Vista Associates, a New Jersey Limited Partnership Tuscol Development, Inc., a New Jersey Corporation Old Monmouth Associates, a New Jersey Partnership, Third-Party v. William Barlow John C. Fellows, Jr. Ebert L. Hall Joseph P. Iaria David E. Johnson, Jr. Irene F. Kramer Jacqueline F. Pappas John F. Russo Leonard G. Lomell Office of the Comptroller of the Currency John McDougal Third-Party Federal Deposit Insurance Corporation, as Receiver for the First National Bank of Toms River v. Nla Associates Limited Partnership, a New Jersey Limited Partnership Lgp-I Limited Partnership, a New Jersey Limited Partnership Lgp-I Capital Corp., a New Jersey Corporation New Nas, Inc. Lawrence E. Bathgate, II Alan B. Landis Novasau Associates, a Limited Partnership, a New Jersey Limited Partnership. Lawrence Bathgate, II Novasau Associates, Limited Partnership New Nas, Inc. 54 Buena Vista Associates Tuscol Development, Inc. And Old Monmouth Associates (The Bathgate Defendants)Court of Appeals for the First Circuit · 1994
  2. American Federation of State Employees v. Federal Deposit InsuranceDistrict Court, District of Columbia · 1992
  3. E.I. Du Pont De Nemours and Company v. Federal Deposit Insurance Corporation, Receiver for United National Bank of WashingtonCourt of Appeals for the D.C. Circuit · 1994
  4. Oklahoma Radio Associates, an Oklahoma General Partnership of J. Patrick Collins and Greg L. Armstrong J. Patrick Collins, an Individual and Greg L. Armstrong, an Individual v. Federal Deposit Insurance Corporation, as Receiver for Citizens National Bank and Trust Company v. Magnolia Broadcasting Company, Inc., Third-PartyCourt of Appeals for the Third Circuit · 1993
  5. Federal Deposit Insurance v. BathgateCourt of Appeals for the Third Circuit · 1994

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