First Louisiana Bank v. MORRIS & DICKSON, CO.

| plaintiff, First Louisiana Bank (“First Louisiana”), filed suit against Defendant, Morris & Dickson Co., LLC (“Morris & Dickson”), seeking recovery for loans it made to Material Management Systems, Inc. (“MMS”). Morris & Dickson had hired MMS to complete a project and the loans were to facilitate the work by MMS. MMS defaulted on the loans and First Louisiana asserted that Morris & Dickson had guaranteed the loans by letter stating that it would include First Louisiana as a payee on checks made payable to MMS. The trial court granted an exception of prescription filed by Morris & Dickson.…