SANTOPADRE v. PELICAN HOMESTEAD & SAV. ASS'N

Nos. 90-3622 and 90-3845.

937 F.2d 268 (1991)

Lorraine Aucoin, Wife of/and John V. SANTOPADRE, Sr., Plaintiffs-Appellants, v. PELICAN HOMESTEAD & SAVINGS ASSOCIATION, Defendant-Appellee. John V. SANTOPADRE, Sr., et al., Plaintiffs-Appellants, v. PELICAN HOMESTEAD & SAVINGS ASSOCIATION, Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

August 7, 1991.


Attorney(s) appearing for the Case

Douglas S. Draper, New Orleans, La., for plaintiffs-appellants in No. 90-3622.

R. John Skinner, Baldwin & Haspel, Judy Lynn Burnthorn, Energy Center, Daryl G. Glorioso, Jack A. Ricci, New Orleans, La., for defendant-appellee.

Douglas Scott Draper, LL & E Tower, Pamela Van Geffen, Friend, Wilson & Draper, New Orleans, La., for plaintiffs-appellants in No. 90-3845.

Before REAVLEY, HIGGINBOTHAM, and DUHÉ, Circuit Judges.


DUHÉ, Circuit Judge.

The builders of a hotel sued a bank that assumed the assets and liabilities of their insolvent lender after the lender was placed in receivership. The district court granted summary judgment in favor of the successor bank, holding that (1) unliquidated litigation liabilities against the insolvent bank had ceased to exist except against FSLIC as receiver; (2) the parties must honor the terms of settlement agreements signed before the lender...

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