Legal Opinion
Ferguson v. the Cadle Company
Supreme Court of Alabama
Decided October 5, 2001No. 1991326, 1991327, 1991399 and 1991400PublishedCited by 3 opinions
1Opinion of the Court
The parties to these appeals are the Cadle Company ("Cadle") and Robert M. Ferguson, former president and chief executive officer of Power Equipment Company, Inc. ("PEC"). Cadle is an investment company that purchases loans from financial institutions. PEC was an equipment supply company that maintained its corporate accounts with First State Bank of Atmore, Alabama ("First State"). PEC declared bankruptcy and is no longer in business.
On February 19, 1987, the Superintendent of Banking for the State of Alabama declared First State insolvent, closed the bank, and appointed the Federal Deposit…
2Cases cited4 opinions
- Stinson v. Acme Propane Gas Co.Supreme Court of Alabama · 1980
- Stone v. EcholsSupreme Court of Alabama · 1977
- Donavan v. FandrichSupreme Court of Alabama · 1957
- Bank v. CannonSupreme Court of Alabama · 1982
3Cited by3 opinions
- Parsons v. AaronSupreme Court of Alabama · 2002
- SE Property Holdings, LLC v. Sandy Creek II, LLCDistrict Court, S.D. Alabama · 2013
- Armstrong v. Mazda Motor of America, Inc.Court of Civil Appeals of Alabama · 2009