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IVOR B. CLARK CO. OF TEX., INC. v. SOUTHERN B. & I. D. CO.

Civ. A. No. 72J-157(N).

399 F.Supp. 824 (1974)

IVOR B. CLARK COMPANY OF TEXAS, INC., et al., Plaintiff, v. SOUTHERN BUSINESS AND INDUSTRIAL DEVELOPMENT COMPANY, Defendant.

United States District Court, S. D. Mississippi, Jackson Division.

October 24, 1974.

Attorney(s) appearing for the Case

James Leon Young, Jackson, Miss., for plaintiff.

Robert H. Weaver, Jackson, Miss., for defendant.

MEMORANDUM OPINION

NIXON, District Judge.

ISSUES OR CONTENTIONS

This diversity suit seeks recovery of a $201,000.00 brokerage fee with interest which the defendant allegedly owes plaintiffs for two stand-by loan commitments of $6,000,000 and $4,050,000 for a construction project issued by an investment lender, B. F. Saul Real Estate Investment Trust (Saul) on June 25, 1971 and January 13, 1972, respectively. The primary basis for plaintiffs' claim...

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