Legal Opinion
Giroir v. Mbank Dallas, N.A.
District Court, E.D. Arkansas
Decided November 25, 1987No. Civ. LR-C-76-531PublishedCited by 10 opinions
1Opinion of the Court
MEMORANDUM OPINION
MORRIS SHEPPARD ARNOLD, District Judge.
In January, 1986, plaintiff C.J. Giroir, Jr., obtained from defendant MBank Dallas an irrevocable letter of credit 1 in the amount of $13,209,000. In conjunction with the letter of credit, plaintiff Giroir executed a promissory note to MBank for $13,209,000. As collateral, he pledged 133,000 shares of Worthen Bank stock and some promissory notes payable to him by the Balder Corporation. 2 Stock, Inc., a corporation of which plaintiff Giroir is the sole stockholder, pledged a certificate of deposit worth $1,864,000 3 and 109,000 shares…
2Cases cited26 opinions
- The Bremen v. Zapata Off-Shore Co.Supreme Court of the United States · 1972
- Scherk v. Alberto-Culver Co.Supreme Court of the United States · 1974
- National Equipment Rental, Ltd. v. SzukhentSupreme Court of the United States · 1964
- Luce v. EdelsteinCourt of Appeals for the Second Circuit · 1986
- In-Flight Devices Corporation v. Van Dusen Air, Incorporated, Etc.Court of Appeals for the Sixth Circuit · 1972
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3Cited by10 opinions
- San Carlos Irrigation and Drainage District v. The United StatesCourt of Appeals for the Federal Circuit · 1989
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- Stereo Gema, Inc. v. Magnadyne Corp.District Court, D. Puerto Rico · 1996
- Kentucky v. United StatesUnited States Court of Federal Claims · 1992
- Delta Pride Catfish, Inc. v. Marine Midland Business Loans, Inc.District Court, E.D. Arkansas · 1991
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