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FEDERAL SAV. & LOAN INS. CORP. v. DERBES

Civ. A. No. 86-2764.

731 F.Supp. 755 (1990)

FEDERAL SAVINGS & LOAN INSURANCE CORPORATION, as Receiver for Northlake Federal Savings & Loan Association v. Max J. DERBES, Jr., Michael W. Truax and Max Derbes, Inc.

United States District Court, E.D. Louisiana.

January 12, 1990.

Attorney(s) appearing for the Case

Ryan & Willeford, James F. Willeford, Trial Atty., John H. Ryan and Noel E. Vargas, II and Montgomery, Barnett, Brown, Read, Hammond & Mintz, Harold B. Carter, Jr., Trial Atty., John Y. Pearce and Leila D'Aquin Erato, New Orleans, La., for Northlake Federal Sav. & Loan Ass'n.

Bienvenu, Foster, Ryan & O'Bannon, Ernest L. O'Bannon, Trial Atty., and J. Keith Hardie, New Orleans, La., for Max J. Derbes, Max J. Derbes, Inc., Michael Truax and National Cas. Co.

Steven K. Faulkner, Jr., Metairie, La., for C. Nolte DeRussy, Jr.

Federal Home Loan Bank Bd., Harry Quillian, Ralph W. Christy, William K. Black, Paul W. Grace and Loretta Reid Pitt, Trial Atty., Washington, D.C.

McGlinchey, Stafford, Mintz, Cellini & Lang, Dermot S. McGlinchey, Trial Atty., B. Franklin Martin, Henri Wolbrette, III and Kathleen A. Manning, New Orleans, La., for Max J. Derbes, Jr., Max J. Derbes, Inc. and Michael Truax.

Nancy A. Nungesser, Asst. U.S. Atty., New Orleans, La., for Federal Home Loan Bank Bd.

Nikki Calvano, U.S. Dept. of Justice, Civil Div., Torts Branch, Washington, D.C.

Robert L. Sumrall, Mandeville, La., pro se.

MEMORANDUM OPINION

ARCENEAUX, District Judge.

Northlake Federal Savings & Loan Association ("Northlake") filed this suit on April 28, 1986 in the 24th Judicial District Court for the Parish of Jefferson against real estate appraiser Max Derbes, Jr. ("Derbes") his appraisal firm, Max Derbes, Inc. and an employee, appraiser Michael Truax ("Truax"), to recover the balance of a loan made to build a parking garage/retail development in New Orleans, Louisiana...

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