First Southwest Corp. v. Lampton

724 So.2d 988 (1998)

FIRST SOUTHWEST CORPORATION, Appellant,

v.

Dudley F. LAMPTON, Appellee.

No. 97-CA-00802 COA.

Court of Appeals of Mississippi.

December 18, 1998.

Dennis L. Horn, Shirley Payne, Jackson, Attorneys for Appellant.

Edward E. Patten, Jr., Jackson, Attorney for Appellee.

BEFORE THOMAS, P.J., DIAZ, AND SOUTHWICK, JJ.

SOUTHWICK, J., for the Court:

¶ 1. First Southwest Corporation debentures were issued to Dudley F. Lampton in 1987. In 1993 Lampton wanted to exchange them for stock, but he had recently lost the debentures. When Lampton was unable to secure the indemnity bond required by…