Legal Opinion
Marrero v. Abraham
District Court, E.D. Louisiana
Decided July 30, 1979No. Civ. A. 76-2891PublishedCited by 15 opinions
1Opinion of the Court
SEAR, District Judge.-
In April, 1976 defendant Wilson P. Abraham sold plaintiff Louis H. Marrero, IV 305,306 shares of stock in the International City Bank (ICB) of New Orleans, which represented a controlling interest in the bank. The total purchase price was $3,511,-019, of which Marrero paid $750,000 in cash. For the balance he executed a personal promissory note to Abraham for $861,019 and assumed Abraham’s existing $1.9 million debt with Banco di Roma — Chicago (Banco). 281,339 shares were pledged as security for the note with Banco. Abraham had originally made a loan of $1.9 million in…
2Cases cited25 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Product Promotions, Inc. v. Jacques Y. CousteauCourt of Appeals for the Fifth Circuit · 1974
- Globus v. Law Research Service, Inc.Court of Appeals for the Second Circuit · 1969
- Fed. Sec. L. Rep. P 96,048 Milton E. Dupuy v. Clarence O. Dupuy, Jr.Court of Appeals for the Fifth Circuit · 1977
- Fed. Sec. L. Rep. P 96,030 Henry T. Sanders v. John Nuveen & Co., Inc.Court of Appeals for the Seventh Circuit · 1977
20 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Huddleston v. Herman & MacLeanCourt of Appeals for the Fifth Circuit · 1981
- In Re Olympia Brewing Co. Securities LitigationDistrict Court, N.D. Illinois · 1987
- Kenneth Leventhal & Co. v. Joyner Wholesale Co.Court of Appeals for the Second Circuit · 1984
- In Re Leslie Fay Companies, Inc. Securities LitigationDistrict Court, S.D. New York · 1996
- Department of Economic Development v. Arthur Andersen & Co. (U.S.A.)District Court, S.D. New York · 1990
10 more not listed; retrieve them via the Exa API.