First National Bank of Jefferson Parish v. Carmouche

GRISBAUM, Judge.

On March 16, 1987, we issued an opinion reported at 504 So.2d 1153 (La.App.1987), which amended and, as amended, affirmed the judgment of the trial court. Specifically, our decree set aside the award of attorney’s fees but affirmed the balance of the trial court’s judgment, the opinion holding that the issuing bank was in bad faith because it paid a letter of credit after being notified by both the customer and the beneficiary of a possible overstatement of the customer’s indebtedness to the beneficiary. The Louisiana Supreme Court granted certiorari and, after benefit of…