Liberty Bank & Trust Co. v. Booth

SCHOTT, Chief Judge.

On the application of Liberty Bank and Trust Company, Relator, we grant certiora-ri in order to consider the validity of the judgment of the trial court sustaining an exception of lis pendens filed by respondents, Dr. and Mrs. Dennis J. Booth.

In March, 1988 respondent, Dr. Booth, and others filed a complaint against relator and others in the United States District Court seeking damages for securities fraud. Respondent alleged that relator induced him to invest $100,000 individually and $200,000 from pension trusts under his administration and prayed for judgment in *1056these…