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GREENHOUSE PATIO APARTMENTS v. AETNA LIFE INS. CO.

No. 88-2615.

868 F.2d 153 (1989)

The GREENHOUSE PATIO APARTMENTS and The Greenhouse 484, Plaintiffs-Appellants, v. AETNA LIFE INSURANCE COMPANY, Defendant, Appellee.

United States Court of Appeals, Fifth Circuit.

March 20, 1989.

Attorney(s) appearing for the Case

Robert N. Brailas, Debora D. Ratliff, Houston, Tex., for plaintiffs-appellants.

Thomas R. Jackson, Blake A. Bailey, Dallas, Tex., for defendant, appellee.

Before GEE, HIGGINBOTHAM, and DUHE, Circuit Judges.

DUHE, Circuit Judge:

Plaintiff-appellants are two Texas general partnerships, Greenhouse Patio Apartments (GPA) and the Greenhouse 484 (484) which is managing general partner of GPA. GPA owns a large apartment complex mortgaged to AEtna Life Insurance Company (defendant-appellee) as security for a $9.7 million non-recourse note. GPA and 484 brought this suit charging AEtna with usury and other related wrongs. On cross motions...

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