Petroutson v. First National Bank of Jefferson Parish

GOTHARD, Judge.

This is an appeal of a trial court decision which rendered judgment in favor of plaintiff-appellee, Peter C. Petroutson, and against defendant-appellant, First National Bank of Jefferson Parish, in the amount of $99,889.71, plus legal interest. For the following reasons, we affirm in part, reverse in part, and remand.

Peter Petroutson is a petroleum engineer who managed the oil and gas loan department at First National Bank of Jefferson Parish (FNJ) from 1980 until 1985. FNJ offered Petroutson an employment incentive contract (the agreement) which was executed on September…