Legal Opinion
Edison v. BETA FINANCIAL CORP.
Texas Court of Appeals, 11th District (Eastland)
Decided May 27, 1999No. 11-98-00083-CVPublishedCited by 2 opinions
1Opinion of the Court
OPINION
TERRY McCALL, Justice.
Appellant Michael J. Edison obtained a default judgment against appellee, Beta Financial Corporation. The trial court granted Beta’s bill of review, held a subsequent hearing on the merits of Edison’s original claim which Edison did not attend, and then dismissed Edison’s petition for want of prosecution. We affirm.
InsurUSA, a company controlled by Edison, borrowed approximately five million dollars from Beta in 1987. Edison guaranteed the loan. He dealt with Michael Lang, one of the investors in Beta. Edison’s relationship with Beta and Lang eventually…
2Cases cited9 opinions
- Peralta v. Heights Medical Center, Inc.Supreme Court of the United States · 1988
- Wilson v. DunnTexas Supreme Court · 1991
- Caldwell v. BarnesTexas Supreme Court · 1998
- Transworld Financial Services Corp. v. BriscoeTexas Supreme Court · 1987
- Jordan v. JordanTexas Supreme Court · 1995
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