Legal Opinion
Federal Deposit Insurance v. Fortenberry Farms, Inc.
District Court, M.D. Louisiana
Decided November 17, 1990No. Civ. A. 89-171-BPublishedCited by 4 opinions
1Opinion of the Court
RULING ON PLAINTIFF’S MOTION FOR SUMMARY JUDGMENT
POLOZOLA, District Judge.
This action arises out of a default on a promissory note which was secured by continuing guarantees, and the related loan participation arrangement. The facts of this case are not in dispute. A $600,000.00 promissory note was executed by Forten-berry Farms, Inc. (Fortenberry Farm) in favor of Southern Mortgage Company of Louisiana, Inc. (Southern) on December 16, 1982, which was secured with a continuing guarantee by F.E. Fortenberry, Helen D. Fortenberry, Billy Max Fortenberry, and Mary A. Fortenberry, in solido…
2Cases cited9 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
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Marian Fontenot, Etc. v. The Upjohn CompanyCourt of Appeals for the Fifth Circuit · 1986
- Coit Independence Joint Venture v. Federal Savings & Loan InsuranceSupreme Court of the United States · 1989
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3Cited by4 opinions
- Federal Sav. and Loan Ins. Corp. v. SheltonDistrict Court, M.D. Louisiana · 1992
- In Re Okura & Co. (America), Inc.United States Bankruptcy Court, S.D. New York · 2000
- Resolution Trust Corp. v. DuboisDistrict Court, M.D. Louisiana · 1991
- Burnside Terminal, A Division of Ormet Corp. v. SSM Carbon, A Division of SSM Coal North America, Inc.District Court, M.D. Louisiana · 1991