RESOLUTION TRUST CORP. v. TOLER

Civ. A. No. CA 3-91-1328-G.

791 F.Supp. 649 (1991)

The RESOLUTION TRUST CORPORATION, as Conservator for Sunbelt Federal Savings, FSB, Plaintiff, v. Glenn TOLER, Jr., et al., Defendants, v. The RESOLUTION TRUST CORPORATION, as Receiver for Sunbelt Federal Savings, FSB, Intervenor/Counter-Defendant.

United States District Court, N.D. Texas, Dallas Division.

December 10, 1991.


Attorney(s) appearing for the Case

Kenneth Eugene Broughton, Jr., Patrick Olin Strauss, Haynes & Boone, Dallas, Tex., for plaintiff.

Steven Dennis Goldston, Calhoun Gump Spillman & Stacy, Dallas, Tex., for defendants.


MEMORANDUM ORDER

FISH, District Judge.

This case is before the court on the motion for summary judgment of plaintiff Resolution Trust Corporation ("the RTC"). For the reasons stated below, the motion is granted.

I. BACKGROUND

On April 23, 1986, defendants executed a promissory note evidencing an indebtedness to First City Savings Association ("First City") in the amount of $160,000.00. The note, which was secured by an irrevocable letter...

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