Legal Opinion
Federal Insurance v. Community State Bank
Court of Appeals for the Fifth Circuit
Decided July 12, 1990No. 89-3420PublishedCited by 1 opinion
1Opinion of the Court
POLITZ, Circuit Judge:
After Ragusa Brothers, Inc. (Ragusa) defaulted on its contract to construct a jail for Tangipahoa Parish, Louisiana, both Federal Insurance Company (Federal), the surety that completed performance on the project, and Community State Bank (Community), a local bank that loaned Ragusa funds, claimed entitlement to the contract retainage. The district court ruled in favor of Federal. Community appeals. We affirm.
Background
In April 1985 Ragusa contracted with the Tangipahoa Parish Police Jury (now Parish Council) to build a parish jail for $5,430,-800. In connection with this…
2Cases cited12 opinions
- Prairie State Bank v. United StatesSupreme Court of the United States · 1896
- Pearlman v. Reliance InsuranceSupreme Court of the United States · 1962
- Henningsen v. United States Fidelity & Guaranty Co. of BaltimoreSupreme Court of the United States · 1908
- Lambert v. Maryland Cas. Co.Supreme Court of Louisiana · 1982
- Lambert v. Maryland Cas. Co.Louisiana Court of Appeal · 1981
7 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Federal Insurance Co. v. Community State Bank, in the Matter of Ragusa Brothers, Inc. Parish of Tangipahoa v. Ragusa Brothers, Inc., Federal Insurance Co. v. Community State BankCourt of Appeals for the Fifth Circuit · 1990