South Central Livestock Dealers, Inc. v. Security State Bank of Hedley, Texas v. John Dahl Construction Company, Intervenor-Appellant

GEE, Circuit Judge:

In this diversity action, a number of out-of-state cattle investors 1 at the now-defunct Donley County Feedlot located near Hedley, Texas, appeal the district court’s grant of a directed verdict to the Security State Bank of Hedley, Texas, on their claims of wrongful offset and tortious interference with contractual relations. Concluding that a line of Texas cases gives credence to plaintiffs’ claims, we reverse.

Charles Payne founded the Donley County Feedlot (the feedlot) as his personal business in 1968, incorporating it in 1969. The feedlot fed cattle to order for third…