American Bank & Trust Co. v. Tullos

FINDINGS OF FACT

DUHE, District Judge.

1. American Bank & Trust Company (“American Bank”) held a $2 million promissory note (the “Tullos note”) executed in December 1981 by A.J. Tullos, Jr. — 1979, a partnership in commendam.

2. In January 1984, after the Tullos note was in default, American Bank retained Domengeaux & Wright (“D & W”) *575on an hourly basis to recover against the guarantors (“defendants”) of the note.

3. Suit was filed by American Bank against the defendants in January 1984 in Louisiana state court (the “Tullos litigation”).

4. In October 1985, Gordon, Arata, McCollam, Stuart &…