Legal Opinion
First National Bank v. Mercantile Bank
Supreme Court of Arkansas
Decided December 17, 1990No. 89-299PublishedCited by 11 opinions
1Opinion of the Court
Carolyn B. Witherspoon, Special Justice.
This appeal concerns the certification of a class action.
In June 1983, the City of Fort Smith issued Industrial Revenue Bonds in the amount of $5.9 million. The proceeds of the bonds were loaned to Arkansas Cold Storage, Inc. (Storage) for the purpose of financing the acquisition and expansion of an existing storage and public commodity warehouse facility in Fort Smith. After Storage defaulted, the appellant, First National Bank of Fort Smith (FNB), acting as trustee of the bond issue, commenced foreclosure. Subsequently, a committee of bondholders was…
2Cases cited7 opinions
- Eisen v. Carlisle & JacquelinSupreme Court of the United States · 1974
- Roger O. Halverson v. Convenient Food Mart, Inc.Court of Appeals for the Seventh Circuit · 1972
- In Re Fine Paper Antitrust Litigation, Kimberly-Clark CorporationCourt of Appeals for the Third Circuit · 1980
- International Union of Electrical & Machine Workers v. HudsonSupreme Court of Arkansas · 1988
- duPont Glore Forgan Inc. v. American Telephone & Telegraph Co.District Court, S.D. New York · 1975
2 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Mega Life and Health Ins. Co. v. JacolaSupreme Court of Arkansas · 1997
- Seeco, Inc. v. HalesSupreme Court of Arkansas · 1997
- Direct General Insurance v. LaneSupreme Court of Arkansas · 1997
- Anadarko Petroleum Co. v. VenableSupreme Court of Arkansas · 1993
- Union National Bank v. BarnhartSupreme Court of Arkansas · 1992
6 more not listed; retrieve them via the Exa API.