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FEDERAL SAVINGS & LOAN INSURANCE CORP. v. AUBIN

No. 88-1740.

874 F.2d 306 (1989)

FEDERAL SAVINGS & LOAN INSURANCE CORP., Plaintiff-Counter Defendant-Appellee, v. George AUBIN, et al., Defendants, Louis G. Reese, Inc., Louis G. Reese, III and Hampshire Development Company, Defendants-Counter Plaintiffs-Appellants.

United States Court of Appeals, Fifth Circuit.

June 6, 1989.

Attorney(s) appearing for the Case

William M. Ravkind, Dallas, Tex., for defendants-counter plaintiffs-appellants.

Larry D. Carlson, Derek M. Johnson, Dallas, Tex., Kathryn R. Norcross, Washington, D.C., for FSLIC as Receiver and American Fed. Bank, F.S.B.

Before REAVLEY, POLITZ and SMITH, Circuit Judges.

REAVLEY, Circuit Judge:

The Federal Savings and Loan Insurance Corporation ("FSLIC"), in its capacity as conservator for two state-chartered savings associations, Mercury Savings Association of Texas and Ben Milam Savings and Loan Association, brought this action in Texas state court seeking to recover under various promissory notes and guarantees executed by the defendants. In response, the defendants raised affirmative defenses and counterclaimed against the FSLIC...

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