EAST BATON ROUGE PARISH v. TREASURER OF STATE OF LOUISIANA

No. CA 89 0268.

560 So.2d 478 (1990)

EAST BATON ROUGE PARISH, et al. v. TREASURER OF the STATE OF LOUISIANA, et al.

Court of Appeal of Louisiana, First Circuit.

April 10, 1990.


Attorney(s) appearing for the Case

J. Clayton Johnson, William C. Kaufman, III, Baton Rouge, Leslie D. Ligon, Jr., Clinton, for plaintiff-appellee Parish of East Baton Rouge.

William J. Guste, Atty. Gen., Martha S. Hess, Asst. Atty. Gen., Baton Rouge, for defendant-appellant Treasurer of the State of La.

Before LOTTINGER, CRAIN and LeBLANC, JJ.


LOTTINGER, Judge.

This is a suit for interest earned on royalty payments while held in escrow pending litigation between the State of Louisiana, appellant herein, and various third parties. The plaintiffs herein were not parties to these lawsuits. Upon settlement of that litigation, the State received royalty payments of $23,247,802.10 together with accrued interest of $9,474,529.00 in one distribution, and royalty payments of $561,796.92 together with accrued interest...

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