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SOUTHMARK PROPERTIES v. CHARLES HOUSE CORP.

No. 83-3546.

742 F.2d 862 (1984)

SOUTHMARK PROPERTIES and St. Charles Avenue, Inc., Plaintiffs-Appellees, v. The CHARLES HOUSE CORPORATION, et al., Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

Rehearing Denied October 29, 1984.

Attorney(s) appearing for the Case

Stone, Pigman, Walther, Wittmann & Hutchinson, William E. Brown, New Orleans, La., for defendants-appellants.

Phelps, Dunbar, Marks, Claverie & Sims, Eugene R. Preaus, Mark B. Meyers, New Orleans, La., for plaintiffs-appellees.

Before POLITZ, WILLIAMS, and GARWOOD, Circuit Judges.

GARWOOD, Circuit Judge:

In this case, we examine the res judicata effect of the sale of property authorized by a federal district court under Chapter 10 of the Bankruptcy Act.1

I.

FACTS

Appellant The Charles House Corporation developed and built a residential real estate development in New Orleans, Louisiana known as The Charles House. Appellant David F. Craig, Sr. (Craig) is president and a twenty-five...

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