Legal Opinion
Energetics, Inc. v. Allied Bank of Texas, Defendant-Third Party v. Credit Suisse, Third Party
Court of Appeals for the Third Circuit
Decided April 17, 1986No. 85-2098PublishedCited by 9 opinions
1Opinion of the Court
JERRE S. WILLIAMS, Circuit Judge:
In this diversity suit, a lender bank appeals a judgment declaring that from a depositor’s account it wrongfully offset money which belonged to a third party. We find that the bank wrongfully offset the funds, but the district court’s judgment did not state the correct amount. We reverse the district court judgment of $604,-597.97 and remand for entry of judgment in the sum of $428,362.70.
Appellant Allied Bank of Texas made approximately $20,000,000 in loans to an oil and gas contractor, Republic Drilling & Service, Inc. Republic also maintained a regular…
2Cases cited11 opinions
- Commissioner v. TowerSupreme Court of the United States · 1946
- First National Bank in Grand Prairie v. Lone Star Life Insurance Co.Court of Appeals of Texas · 1975
- Aimee D. Bagur v. Commissioner of Internal Revenue, Barbara M. Hansen v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1979
- National Indemnity Co. v. Spring Branch State BankTexas Supreme Court · 1961
- Francisco Elizarraras v. Bank of El PasoCourt of Appeals for the Fifth Circuit · 1980
6 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- City of New York v. Exxon Corp.District Court, S.D. New York · 1988
- Edward Haas, Cross-Appellee v. Atlantic Richfield, Cross-AppellantsCourt of Appeals for the Fifth Circuit · 1986
- Clinton George Blanchard and Gertrude Blanchard v. Peoples BankCourt of Appeals for the Fifth Circuit · 1988
- Martens v. Hadley Memorial HospitalDistrict Court, District of Columbia · 1990
- Weststeyn Dairy 2 v. Eades Commodities Co.District Court, E.D. California · 2003
4 more not listed; retrieve them via the Exa API.