Mercury Aircraft Holdings, Inc. v. Elite Holdings, Inc.

h NORRIS, Chief Judge.

Mercury Aircraft Holding (Mercury) appeals a judgment sustaining an exception of res judicata and dismissing its suit to rescind a sale. Elite Holdings, Inc. (Elite) answers the appeal requesting damages for a frivolous appeal. We affirm the district court’s ruling sustaining Elite’s exception of res judicata and deny Elite’s request for damages.

Facts

Elite acquired from Riverwood International an assignment of a lease of an aircraft hangar located on property owned by the City of Monroe. Mercury’s president and Elite’s president executed a counter letter acknowledging…