Legal Opinion
First Commonwealth Corp. v. Hibernia National Bank
District Court, E.D. Louisiana
Decided July 26, 1994No. Civ. A. No. 91-2743PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
SEAR, Chief Judge.
Plaintiff First Commonwealth Corporation (“FCC”) invokes the court’s diversity jurisdiction 1 to file this breach of contract claim against defendant, the Hibernia National Bank of New Orleans (“Hibernia”).2
*1147I) Background
This action arises out of a financial arrangement between FCC and Public Investors, Inc. (“PII”).
A) Stock Purchase Agreement
On December 11, 1989, FCC and PII closed on a “Stock Purchase Agreement” (the “Agreement”), whereby FCC agreed to purchase from PII substantially all of the issued and outstanding common stock of Universal Guaranty…
2Cases cited4 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Willis v. Roche Biomedical Laboratories, Inc.Court of Appeals for the Fifth Circuit · 1994
- Irby Steel v. W. R. Fairchild Construction Co.Louisiana Court of Appeal · 1972
3Cited by2 opinions
- First Commonwealth Corp. v. Hibernia National Bank of New OrleansDistrict Court, E.D. Louisiana · 1994
- O'Bryan v. Terrebonne Parish Consolidated GovernmentDistrict Court, E.D. Louisiana · 2023