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MORRIS N. PALMER RANCH CO. v. CAMPESI

No. 80-3313.

647 F.2d 608 (1981)

MORRIS N. PALMER RANCH COMPANY, Plaintiff-Appellant Cross-Appellee, v. Ross J. CAMPESI, Defendant-Appellee Cross-Appellant.

United States Court of Appeals, Fifth Circuit. Unit A.

June 12, 1981.

Attorney(s) appearing for the Case

Patrick W. Pendley, Plaquemine, La., for defendant-appellant cross-appellee.

Marionneaux & Marionneaux, F. Barry Marionneaux, Plaquemine, La., for defendant-appellee cross-appellant.

Before BROWN, WISDOM, and RANDALL, Circuit Judges.

WISDOM, Circuit Judge:

This is a diversity case to be decided under Louisiana law. It involves a branch of the cattle industry that has experienced strong growth in recent years — the breeding of exotic breeds. Because the market for exotic breeds declined significantly in 1975, the defendant was unable to pay the plaintiff for over 500 head of Maine-Anjou cattle he had purchased just before the decline. The plaintiff sued. The district court reduced the purchase...

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