Legal Opinion
Meadow Brook National Bank v. Recile
District Court, E.D. Louisiana
Decided April 28, 1969No. Civ. A. 67-341PublishedCited by 35 opinions
1Opinion of the Court
HEEBE, District Judge:
This diversity suit, while appearing to be a run-o^-the-mine suit on a promissory note, is steeped with intriguing and unique questions of vast importance to the lending institutions of this state. The real problem is usury, an ancient one, and the solution is unexpectedly difficult under Louisiana law. The tale, though, is a remarkably familiar one.
On April 6, 1966, Sam J. Recile and Wilson P. Abraham endorsed a negotiable promissory note in the face amount of $4,200,000, which was executed that same day by Bourbon Kings Hotel Corporation, as maker, payable to the order…
2Cases cited101 opinions
- Anderson National Bank v. LuckettSupreme Court of the United States · 1944
- Farmers' & Mechanics' National Bank v. DearingSupreme Court of the United States · 1875
- National Bank v. CommonwealthSupreme Court of the United States · 1870
- Davis v. Elmira Savings BankSupreme Court of the United States · 1896
- First National Bank in St. Louis v. MissouriSupreme Court of the United States · 1924
96 more not listed; retrieve them via the Exa API.
3Cited by35 opinions
- Johnson v. Jones-JournetSupreme Court of Louisiana · 1975
- Federal Deposit Insurance Corporation, as Liquidator for the Hamilton National Bank of Chattanooga v. Lattimore Land CorporationCourt of Appeals for the Fifth Circuit · 1981
- In The Matter Of Jules B. Leblanc, IiiCourt of Appeals for the Fifth Circuit · 1980
- Coffey v. Peoples Mortg. & Loan of ShreveportLouisiana Court of Appeal · 1981
- Thrift Funds of Baton Rouge, Inc. v. JonesSupreme Court of Louisiana · 1973
30 more not listed; retrieve them via the Exa API.