Legal Opinion

Leverso v. SouthTrust Bank of Al., Nat. Assoc.

Court of Appeals for the Eleventh Circuit

Decided April 15, 1994No. 93-6017PublishedCited by 41 opinions

1Opinion of the Court

BLACK, Circuit Judge:

Following a Florida development district bond default, class representatives of the class action suit underlying this appeal entered into a settlement agreement on behalf of the bondholders, the trustee of the bond proceeds, and other third parties. The agreement, included a distribution plan that allocated the net settlement funds among the bondholders according to a pro rata share of the bondholders’ cost basis, or the amount each bondholder paid for the bonds. Under this plan, bondholders who paid a higher amount for their bonds during the initial offering would…

2Cases cited16 opinions

  1. Larry Bonner v. City of Prichard, AlabamaCourt of Appeals for the Eleventh Circuit · 1981
  2. Cotton v. HintonCourt of Appeals for the Fifth Circuit · 1977
  3. Class v. City of SeattleCourt of Appeals for the Ninth Circuit · 1992
  4. In Re Corrugated Container Antitrust Litigation. Adams Extract Co., Great Northern Packaging Corp., Cfs Continental, Inc., Rossville Packing Co., Andre-Boudin Bakeries, Inc., Townhouse Furniture, Denver Meat Co., Carron Manufacturing Co., Ilikon Corp., Wittek Golf Supply Co., Inc., Plaintiffs-Appellants-Appellees v. Pleasure Hours, Inc., St. Joe Paper Co., the Continental Group, Olinkraft, Inc., Container Corporation of America, the Chesapeake Corporation of Virginia, Owens-Illinois, Inc., MacMillan Bloedel, Inc., Inland Container Corp., Menasha Corp., U. S. Corrugated Fibre-Box Co., Stone Container Corp., Defendants- Appellants-Appellees. In Re Corrugated Container Antitrust Litigation. Adams Extract Co., Cfs Continental, Inc., Townhouse Furniture, Rossville Packing Co., Denver Meat Co., Carron Manufacturing Co., Andre-Boudin Bakeries, Inc., Ilikon Corp., Great Northern Packaging Corp., Plaintiffs-Appellants-Appellees, Pleasure Hours, Inc., London Dry Ltd., Plaintiffs- Objectors-Appellants-Appellees v. The Chesapeake Corporation of Virginia, Stone Container Corp., Defendants-Appellants-AppelleesCourt of Appeals for the Fifth Circuit · 1981
  5. Fed. Sec. L. Rep. P 97,956 David Broad v. Rockwell International CorporationCourt of Appeals for the Fifth Circuit · 1981

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3Cited by41 opinions

  1. Christo v. PadgettCourt of Appeals for the Eleventh Circuit · 2000
  2. Leverso v. Southtrust BankCourt of Appeals for the Eleventh Circuit · 1994
  3. Charles T. Johnson v. NPAS Solutions, LLCCourt of Appeals for the Eleventh Circuit · 2020
  4. Austin v. HopperDistrict Court, M.D. Alabama · 1998
  5. White v. State of Ala.District Court, M.D. Alabama · 1994

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