Moreland v. Green

SEXTON, Judge.

Plaintiff, Robert W. Moreland, appeals a partially adverse judgment in a case arising as a result of a dispute over a stock purchase agreement. This agreement was between the plaintiff and defendants, William D. Green and Phillip Sims, who were at all times relevant, shareholders, directors and members of a group holding controlling stock of Claiborne Bank and Trust Company, Homer, Louisiana. We affirm.

Some years before this litigation, the parties to this suit and others who had combined to form a “Control group” borrowed $867,000 from Central Bank in Monroe in order to…