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GUNTER v. HUTCHESON

Civ. A. No. C76-1702.

492 F.Supp. 546 (1980)

William L. GUNTER and Camille S. Gunter v. Theodore M. HUTCHESON et al.

United States District Court, N. D. Georgia, Atlanta Division.

On Motion of Reconsideration and Rehearing May 12, 1980.

Attorney(s) appearing for the Case

Harold L. Russell, Thomas W. Rhodes, Jane K. Wilcox, Gambrell, Russell & Forbes, Atlanta, Ga., for plaintiffs.

J. D. Fleming, John A. Chandler, H. Wayne Phears, Sutherland, Asbill & Brennan, Atlanta, Ga., Myers N. Fisher, Robert J. Green, Legal Div., Washington, D. C., Jerry Bonneau, Chattanooga, Tenn., for FDIC.

ORDER OF COURT

MOYE, Chief Judge.

This action is one of many to arise out of the failure of the Hamilton National Bank of Chattanooga (HNB/C). On December 31, 1974, the plaintiffs purchased 61% of the stock of the Hamilton Bank and Trust Company of Atlanta (HB&T/A) for $5.5 million from defendant Theodore M. Hutcheson. The Gunters allege that during the negotiations preceding the stock purchase some of the defendants caused fraudulent misrepresentations...

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