No. 89-4432.

896 F.2d 979 (1990)

James A. LATHAM, Plaintiff-Appellant, v. WELLS FARGO BANK, N.A., et al., Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

March 23, 1990.

Attorney(s) appearing for the Case

J. Randall Keene, Shreveport, La., for plaintiff-appellant.

Kent Murdock, Scott R. Clark, Salt Lake City, Utah, for First Sec. Bank.

Richard S. Odom, Daniel D. Rodarte, Susan B. Hall, Brobeck, Phleger & Harrison, Los Angeles, Cal., Sidney E. Cook, James R. Jeter, Kenneth Mascagni, Joseph L. Hargrove, Jr., Glen L. Langley, Shreveport, La., for defendants-appellees.

Before HIGGINBOTHAM, SMITH, and DUHE, Circuit Judges.


James A. Latham appeals the summary judgment entered in favor of Wells Fargo Bank, N.A. and First Security Bank of Utah, N.A., dismissing his lender liability claims against them on res judicata grounds. The district court held that since Latham's corporations, which were co-borrowers on the loan, had settled their claims against the banks in bankruptcy proceedings, and since Latham controlled these corporations in every aspect...

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