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MBANK FORT WORTH, N.A. v. TRANS MERIDIAN, INC.

No. 86-1044.

820 F.2d 716 (1987)

MBANK FORT WORTH, N.A. (formerly Continental National Bank of Fort Worth), Plaintiff-Appellant, Cross-Appellee, v. TRANS MERIDIAN, INC., Defendant-Appellee, Cross-Appellant. TRANS MERIDIAN, INC., Robert G. Tunnell, Gale Tunnell, Itaf Daod, Ghaleb A. Hamadeh, Mary Hamadeh, Charles R. Ward, Barbara Ward, H.J. Van Praag, and Laiping F. Van Praag, Counterclaim Plaintiffs-Appellees Cross-Appellants, v. MBANK FORT WORTH, N.A. (formerly Continental National Bank of Fort Worth), Counterclaim Defendant-Appellant Cross-Appellee.

United States Court of Appeals, Fifth Circuit.

July 2, 1987.

Attorney(s) appearing for the Case

McDonald, Sanders, Ginsburg, Maddox, Newkirk & Day, John H. Cayce, Jr., Sam J. Day, Constance R. Heiland, Fort Worth, Tex., for MBank.

Chappell & Handy, David F. Chappell, Kathleen J. Miller, Fort Worth, Tex., for Trans Meridian, Inc., et al.

Before CLARK, Chief Judge, BROWN and JOLLY, Circuit Judges.

CLARK, Chief Judge:

MBank-Fort Worth ("MBank") appeals the district court's entry of a take-nothing judgment on its claim against Trans Meridian, Inc. and several individual defendants (collectively known as "TMI") for the balance due on two promissory notes. TMI cross-appeals the entry of a take-nothing judgment on its counterclaims against MBank and Sabre Exploration Corporation ("Sabre") under federal and state securities laws, common law fraud, the Texas Deceptive...

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