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FEDERAL DEPOSIT INS. CORP. v. LANIER

No. 90-2650 Summary Calendar.

926 F.2d 462 (1991)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff-Appellee, v. Joseph P. LANIER, et al., Defendants, and Bill D. Whittington and Thomas J. O'Grady, Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

Rehearing Denied April 11, 1991.

Attorney(s) appearing for the Case

Jack D. Hicks, Robert T. Cain, Jr., Zeleskey, Cornelius, Hallmark, Lufkin, Tex., for Whittington and O'Grady.

Preston C. Goodwin, Spring, Tex., for plaintiff-appellee.

Before JOHNSON, SMITH, and WIENER, Circuit Judges.

JERRY E. SMITH, Circuit Judge:

Defendants guaranteed notes made by D-1 Enterprises, Inc., and its three subsidiaries. The Federal Deposit Insurance Corporation (FDIC), acting in its corporate capacity for the failed bank that had extended the loan, obtained a deficiency judgment against two of the guarantors. Because the bank gave proper notice of its intent to sell the inventory, we affirm the judgment in favor of the FDIC.

I.

Defensive Security...

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