American Bank & Trust of Coushatta v. Federal Deposit Insurance Corporation
Court of Appeals for the Fifth Circuit
1Opinion of the Court
PATRICK E. HIGGINBOTHAM, Circuit. Judge:
The issue in this case is the meaning of “good faith” under the Civil Code of Louisiana. Particcouipants in a loan participation argue that the FDIC breached the duty of a lead bank to act in good faith. They contend that the duty of good faith is breached by gross fault, by negligence, or even by violations of the Golden Rule. The district court rejected these definitions, and found a failure of proof of malice in the record and granted summary judgment for the FDIC.-
We agree with the reasoning of the distinguished district court, and affirm.
I
In 1982,…
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