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NORTH MISSISSIPPI SAV. & LOAN ASS'N v. HUDSPETH

No. 84-4290.

756 F.2d 1096 (1985)

NORTH MISSISSIPPI SAVINGS & LOAN ASSOCIATION and New North Mississippi Federal Savings & Loan Association, Plaintiffs-Appellees, v. Joseph M. HUDSPETH, Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

May 23, 1985.

Attorney(s) appearing for the Case

Holcomb, Dunbar, Connell, Chaffin & Willard, Jack F. Dunbar, Wylene W. Dunbar, Oxford, Miss., for defendant-appellant.

Watkins & Eager, George R. Fair, P.N. Harkins, III, William F. Goodman, Jr., Jackson, Miss., for plaintiffs-appellees.

Paul W. Grace, Washington, D.C., for Federal Sav. & Loan.

Before THORNBERRY, REAVLEY, and HIGGINBOTHAM, Circuit Judges.

REVISED OPINION

PATRICK E. HIGGINBOTHAM, Circuit Judge:

A state-court contract dispute between North Mississippi Savings & Loan Association, "Old North," and Joseph M. Hudspeth took on new dimensions when the Federal Savings & Loan Insurance Corporation placed Old North in receivership and transferred its assets to a newly-created institution, New North Mississippi Federal Savings & Loan Association. After Hudspeth amended his counterclaim against...

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