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MORTGAGEBANC & TRUST, INC. v. STATE

No. 14552.

718 S.W.2d 865 (1986)

MORTGAGEBANC & TRUST, INC., et al., Appellants, v. The STATE of Texas, Appellee.

Court of Appeals of Texas, Austin.

Rehearing Denied October 29, 1986.

Attorney(s) appearing for the Case

Ace Pickens, Margaret D. Kennedy, Brown, Maroney, Rose, Barber & Dye, Austin, for appellants.

Jim Mattox, Atty. Gen., Allene D. Evans, Asst. Atty. Gen., for appellee.

SHANNON, C.J., and EARL W. SMITH and GAMMAGE, JJ.

GAMMAGE, Justice.

Appellants MortgageBanc & Trust, Inc. (MBT), the Signorelli Family Trust (Trust) and John E. Signorelli appeal from an order granting a temporary injunction. We will affirm the order of the trial court.

This suit was originally brought by the State of Texas in response to alleged fraudulent practices by Central Mortgage & Trust, Inc. (CMT). CMT was created in 1981 as a mortgage banking company, and was approved to participate in the...

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