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CROMPTON-RICHMOND CO., INC., FACTORS v. BRIGGS

No. 75-2658.

560 F.2d 1195 (1977)

CROMPTON-RICHMOND COMPANY, INC., FACTORS, Plaintiff-Appellee, v. James S. BRIGGS, Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

October 11, 1977.

Attorney(s) appearing for the Case

Thomas C. Shelton, Dennis S. Meir, Atlanta, Ga., for defendant-appellant.

Lipshutz, Macey, Zusmann & Sikes, John M. Sikes, Jr., Atlanta, Ga., for plaintiff-appellee.

Before BROWN, Chief Judge, and COLEMAN and MORGAN, Circuit Judges.

BROWN, Chief Judge:

In the world of corporate finance, the amount of credit one is able to obtain often represents the difference between the success or failure of an enterprise. This case is one in which a skilled and knowledgeable businessman formulated a plan to attempt to bring Grosse Pointe Mills, Inc. (Grosse Pointe), a Rome, Georgia carpet manufacturer, from a losing operation into the capitalist haven of profitability. The plan was to increase sales dramatically...

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