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LOMAS & NETTLETON CO. v. PIERCE

No. 79-3562.

636 F.2d 971 (1981)

The LOMAS & NETTLETON COMPANY, Plaintiff-Appellant, v. Samuel R. PIERCE, Jr., Secretary, Department of Housing and Urban Development et al., Defendants-Appellees.

United States Court of Appeals, Fifth Circuit. Unit A

Rehearing Denied March 5, 1981.

Attorney(s) appearing for the Case

Brice & Barron, W. S. Barron, Jr., Dallas, Tex., for plaintiff-appellant.

William Kanter, John F. Cordes, Appellate Staff, Civil Div., Dept. of Justice, Washington, D. C., for defendants-appellees.

Before AINSWORTH, CHARLES CLARK and WILLIAMS, Circuit Judges.

AINSWORTH, Circuit Judge:

Appellant, The Lomas & Nettleton Company, brought this suit in the amount of $2,500,000 damages against the Government National Mortgage Association (GNMA), its president, and the Secretary of Housing and Urban Development (HUD). The claim is based on an alleged breach of contract by defendants involving twenty-eight option applications for the purchase of mortgages being offered for sale by GNMA. The district court ruled that since any...

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