Resolution Trust Corp. Ex Rel. Security Homestead Federal Savings Ass'n v. Security Town Co.

ARCENEAUX, District Judge.

Before the Court is plaintiff Resolution Trust Corporation’s (“RTC”) Motion To Dissolve Injunctions. Because the positions asserted by the plaintiff have merit, the Court grants the motion and dissolves the injunctions entered by the state trial court before the removal of these cases to this Court.

Background

In December 1981, Wade T. Verges approached Security Homestead Association (“Security”), a federally chartered savings and loan institution, with a plan to build a shopping center and office condominium complex on a tract of land located in Orleans Parish bounded…