Lide v. Cline

MEMORANDUM OPINION

WOODS, District Judge.

FINDINGS OF FACT

1. Jurisdiction of this Court is based on diversity pursuant to 28 U.S.C. § 1332. The plaintiff David M. Lide, Jr. is a citizen and resident of Texas. Defendant C. Hugh Cline is a citizen and resident of Louisiana, and the Bank of Oak Grove, Louisiana is a Louisiana banking corporation. The amount in controversy exceeds the sum of $10,000.00 exclusive of interest and costs.

2. In 1971 Lide and Cline entered into a joint venture agreement for the purpose of raising of Charoláis cattle. Cline was responsible for maintaining the herd and…