Albin v. Union Planters National Bank

NEARN, Presiding Judge W.S.

This suit commenced in March of 1975 and a final decree was entered in December 1982.

The suit was commenced by the plaintiffs who were the majority interest holders under a joint venture agreement to construct certain apartment units in Memphis, Shelby County. For the sake of brevity for the purposes of this opinion, the defendants will be described as financers of the project even though they all are actually not. The gravamen of the complaint was that through frauds and/or conspiracy, the defendants had breached an agreement to finance construction of the…