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ANDREW D. TAYLOR TRUST v. SECURITY TRUST FED. S & L ASS'N, INC.

Nos. 86-6287, 86-6288.

844 F.2d 337 (1988)

ANDREW D. TAYLOR TRUST by David L. TAYLOR III, Trustee, and Diana D. Taylor, Successor Trustee, and David L. Taylor III, Plaintiffs-Appellants (86-6287), Counter Defendants-Appellants (86-6288), v. SECURITY TRUST FEDERAL SAVINGS AND LOAN ASSOCIATION, INC.; et al., Defendants-Appellees (86-6287, 86-6288), and The Federal Savings and Loan Insurance Corporation, Plaintiff-Appellee (86-6287, 86-6288).

United States Court of Appeals, Sixth Circuit.

Decided April 12, 1988.

Attorney(s) appearing for the Case

L. Caesar Stair III (argued), Bernstein, Susano and Stair, Knoxville, Tenn., for plaintiffs-appellants.

Michael H. Fitzpatrick, Jenkins and Jenkins, Knoxville, Tenn., for defendants-appellees.

Charlotte M. Kaplow (argued), Reston, Va., for plaintiff-appellee.

Charles A. Wagner, III, Wagner, Myers and Sanger, Knoxville, Tenn., for counter-defendants-appellants.

Before MERRITT and RYAN, Circuit Judges, and BROWN, Senior Circuit Judge.

BAILEY BROWN, Senior Circuit Judge.

Plaintiffs, David L. Taylor III (Taylor) and the Andrew D. Taylor Trust (Trust) appeal the judgment by the district court awarding $150,000 to appellee Federal Savings and Loan Insurance Corporation (FSLIC) in this action involving the validity of two collateral pledge agreements executed by Taylor. Taylor and the Trust contend that the district court erred in holding the collateral pledge...

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