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UNION FEDERAL BANK OF INDIANAPOLIS v. MINYARD

No. 90-2341 Summary Calendar.

919 F.2d 335 (1990)

UNION FEDERAL BANK OF INDIANAPOLIS, Plaintiff-Appellee, v. William A. MINYARD, III, et al., Defendants-Appellants, v. FEDERAL DEPOSIT INSURANCE CORPORATION as Receiver for Arsenal Savings Association, F.A., Counter Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

December 18, 1990.

Attorney(s) appearing for the Case

Bill Boyd, Boyd, Veigel & Hance, McKinney, Tex., for defendants-appellants.

Christopher Lyle Daines, Kevin H. George, Eikenburg & Stiles, Houston, Tex., for plaintiff-appellee.

Scott Douglas Cunningham, Brown & Fowler, Houston, Tex., for counter defendant-appellant.

Before GEE, SMITH, and WIENER, Circuit Judges.

PER CURIAM:

Today's appeal arises from the foreclosure of property on which a Texas joint venture had, in palmier times, proposed to erect a shopping center. The venturers had guaranteed payment of the purchase money note in various individual percentages, and the transferee holder of the note recovered judgments against them in a state court trial. In that trial, the venturers contended unsuccessfully that the holder was seeking to recover interest of them at usurious...

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