Bank of Louisiana in New Orleans v. Charia

LEMMON, Judge.

This is an appeal from a judgment based on a jury verdict which dismissed Steven Charia’s reconventional demand against the Bank of Louisiana for damages resulting from the allegedly unauthorized release of pledged shares of corporate stock.

The litigation began in 1973 when the Bank sued Charia on eight promissory notes. Charia (then represented by other counsel) reconvened, alleging various damages resulting from the Bank’s negligence, breach of trust, breach of contract and violation of federal regulations by releasing in 1968 the stock pledged as collateral for the notes. The…