TEACHERS' RETIREMENT SYSTEM v. LOUISIANA STATE EMP. RET.

No. 83 CA 0265.

444 So.2d 193 (1983)

TEACHERS' RETIREMENT SYSTEM OF LOUISIANA, et al. v. LOUISIANA STATE EMPLOYEES RETIREMENT SYSTEM.

Court of Appeal of Louisiana, First Circuit.

Rehearing Denied January 19, 1984.

Writ Granted April 13, 1984.


Attorney(s) appearing for the Case

Frank Middleton, Baton Rouge, for plaintiffs-appellants Teachers' Retirement System of Louisiana, Great American Management & Inv., Lomas & Nettleton Co., Constantin Foundation, and Vista Mortg. & Realty Inc.

Carlos G. Spaht, Baton Rouge, for defendant-appellee La. State Employees Retirement System.

Before COVINGTON, COLE and SAVOIE, JJ.


COLE, Judge.

The issue in this complicated financial case is whether or not plaintiffs have a right of action against defendant. The pertinent facts giving rise to the litigation are as follows.

Harry J. Hart, representing West Side Twelve Corporation (West Side), sought financing for acquisition and development of land in West Baton Rouge and Pointe Coupee Parishes. In July of 1973 Mr. Hart approached Great American...

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