Legal Opinion
Farm Credit Bank v. Fireman's Fund Insurance
District Court, W.D. Louisiana
Decided May 25, 1993No. Civ. A. 91-2230PublishedCited by 5 opinions
1Opinion of the Court
RULING
LITTLE, District Judge.
This suit is but one tributary in the torrent of litigation precipitated by one loan made by the Federal Land Bank of Jackson (FLBJ) in 1983. In July 1983, on the recommendation of Lawrence Bingham (President of the Federal Land Bank Association of Monroe, Louisiana), FLBJ loaned $15 million to T.A. Grant III, James C. Steele III, and Suzanne B. Grant to finance the purchase of 36,000 acres of timber land. The debt was secured by a mortgage on 16,000 acres, of the land and certain pledges of stock. Bingham resigned from his position in 1984 and was succeeded by…
2Cases cited17 opinions
- Topalian v. EhrmanCourt of Appeals for the Fifth Circuit · 1992
- Lavespere v. Niagara Machine & Tool Works, Inc.Court of Appeals for the Fifth Circuit · 1990
- Federal Deposit Insurance Corporation, Plaintiff-Counter v. Roy William Bledsoe, Defendant-Counter Claimant-AppelleeCourt of Appeals for the Fifth Circuit · 1993
- Porter v. American Optical Corp.Court of Appeals for the Fifth Circuit · 1981
- Tate v. Charles Aguillard Ins. & Real Est.Supreme Court of Louisiana · 1987
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3Cited by5 opinions
- Wultz v. Bank of China Ltd.District Court, S.D. New York · 2011
- Federal Deposit Insurance v. DuffyDistrict Court, E.D. Louisiana · 1993
- Hawkins v. Meridian Res. & Exploration LLCLouisiana Court of Appeal · 2017
- Hayes v. Eagle, Inc.Louisiana Court of Appeal · 2004
- Farm Credit Bank v. Firemans FundCourt of Appeals for the Fifth Circuit · 1995