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VALENTINE SUGARS, INC. v. DONAU CORP.

Nos. 92-3276, 92-3462.

981 F.2d 210 (1993)

VALENTINE SUGARS, INC., Plaintiff-Appellant, v. DONAU CORPORATION, et al., Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

January 15, 1993.

Attorney(s) appearing for the Case

James A. McPherson, Lloyd N. Shields, Simon, Peragine, Smith & Redfearn, New Orleans, La., Patrick T. Caffery, David R. Dugas, Caffery, Oubre, Dugas & Campbell, New Iberia, La., for Valentine Sugars, Inc.

Warren M. Schultz, Jr., Gregory T. Juge, David G. Radlauer, Jones, Walker, Waechter, Poitevent, Carrère & Denegre, New Orleans, La., for Donau Corp., et al.

Before REAVLEY, SMITH, and DeMOSS, Circuit Judges.

JERRY E. SMITH, Circuit Judge:

I.

A.

Donau Corporation is a marketing corporation owned by Krishan Sudan. In 1984, Sudan approached Gus Baldwin, the manager of Valentine Sugars, Inc., regarding a possible joint venture to produce spraydried phenolic resins for use as adhesives in the manufacture of waferboard.1 Valentine already produced phenolic molding compounds. Sudan convinced Baldwin that a dryer could be acquired...

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