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STATE SAV. & LOAN ASS'N OF LUBBOCK v. LIBERTY TR. CO.

No. 88-1106.

863 F.2d 423 (1989)

STATE SAVINGS & LOAN ASSOCIATION OF LUBBOCK, et al., Plaintiffs, State Federal Savings & Loan Association of Lubbock, Plaintiff-Appellee, v. LIBERTY TRUST COMPANY, Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

As Amended on Denial of Rehearing February 22, 1989.

Attorney(s) appearing for the Case

Marc L. Skeen, Neal R. Allen, Jad Davis, Midland, Tex., for defendant-appellant.

Rick G. Strange, Max Edwin Wright, Midland, Tex., John A. Christy, Atlanta, Ga., for plaintiff-appellee.

Before GEE, SNEED, and WILLIAMS, Circuit Judges.

SNEED, Circuit Judge:

Liberty Trust Co. ("Liberty Trust") appeals a judgment of a district court holding it liable to State Federal Savings & Loan Association of Lubbock ("State Federal") on a promissory note.

Liberty Trust asserts that the district court erred in permitting State Federal to enforce the note. In the alternative, Liberty Trust asserts that the district court erred in failing to reduce the judgment after State Federal settled with the note...

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