Legal Opinion
Thomas v. JLC Wyo., LLC
Wyoming Supreme Court
Decided January 31, 2019No. S-18-0118PublishedCited by 2 opinions
1Opinion of the Court
FOX, Justice.
[¶1] Fourth Quarter Properties 86 (FQP), a Georgia LLC, and its sole member, Stanley E. Thomas, obtained a $30-million loan from MetLife Insurance (MLIC), with the Little Jennie Ranch in Sublette County as collateral. Mr. Thomas signed for the loan and mortgage on behalf of himself and on behalf of FQP. When they could no longer make the payments, MLIC obtained a judgment against FQP and Mr. Thomas for the outstanding balance, plus interest (the "Wyoming Judgment"). On the eve of the foreclosure sale, however, FQP filed for bankruptcy protection in Georgia. In the bankruptcy…
2Cases cited27 opinions
- Rufo v. Inmates of Suffolk County JailSupreme Court of the United States · 1992
- Celotex Corp. v. EdwardsSupreme Court of the United States · 1995
- A.H. Robins Co. v. PiccininCourt of Appeals for the Fourth Circuit · 1986
- In Re: Combustion Engineering, Inc. First State Insurance Company Hartford Accident and Indemnity CompanyCourt of Appeals for the First Circuit · 2004
- In the Matter of Sandy Ridge Development Corporation, Debtor. Sandy Ridge Development Corporation v. Louisiana National BankCourt of Appeals for the Fifth Circuit · 1989
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3Cited by2 opinions
- Tep Rocky Mountain Llc, a Delaware Limited Liability Company, F/K/A Wpx Energy Rocky Mountain, Llc, a Delaware Limited Liability Company v. Record Tj Ranch Limited Partnership, a Wyoming Limited PartnershipWyoming Supreme Court · 2022
- Dockter v. StateWyoming Supreme Court · 2019