1. Home
  2. Browse Decisions
  3. F.2d
  4. 842 F.2d
  5. 842 F.2d 762 (1988)
 

GULF UNION INDUSTRIES, INC. v. FORMATION SEC., INC.

No. 87-1137.

842 F.2d 762 (1988)

GULF UNION INDUSTRIES, INC., Plaintiff-Appellee, v. FORMATION SECURITY, INC., Defendant-Appellant, v. PANHANDLE BANK & TRUST CO., Defendant-Appellee. FORMATION SECURITY, INC., Plaintiff-Appellant, v. GULF UNION INDUSTRIES, INC., Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

April 19, 1988.

Attorney(s) appearing for the Case

John Tull, Jr., Tabolowsky, Prager & Schlinger, Page & Addison, Carol E. Farquhar, Dallas, Tex., for Formation Sec., Inc.

Jeffrey L. Hart, Austin, Tex., for Gulf Union.

S. Leon Mitchell, Borger, Tex., for Panhandle Bank & Trust Co.

Before WILLIAMS and HIGGINBOTHAM, Circuit Judges, and BUCHMEYER, District Judge.

JERRE S. WILLIAMS, Circuit Judge:

Appellee Gulf Union Industries, Inc. ("Gulf Union") delivered a bank cashiers check and a promissory note, both in the amount of $50,000, to Panhandle Bank & Trust Company pursuant to a Stock Purchase Agreement with Appellant Formation Industries, Inc. ("Formation"). Gulf Union later terminated the Agreement and demanded return of its escrow deposits. This case decides the ownership of those deposits.

Based upon diversity...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases