Brown v. Risk Exchange, Inc.

JaSHORTESS, Judge.

The Commissioner of Insurance for the State of Louisiana, James H. “Jim” Brown (plaintiff), as Liquidator of Pelican State Mutual Insurance Company (Pelican), filed suit against Eva M. Odom (defendant), a member of Pelican’s board of directors, to recover payments arising out of certain subordinated surplus debentures of Pelican.1 Defendant filed multitudinous exceptions, which were *486initially heard and overruled by Judge Paul B. Landry, Jr., sitting pro tempore by appointment of the Louisiana Supreme Court. The parties filed cross motions for summary judgment and a motion to…