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IN RE PUBLIC INVESTORS, INC.

No. 92-3940.

998 F.2d 284 (1993)

In re PUBLIC INVESTORS, INC., Debtor. Robert MARRERO, as Interim Trustee of the Bankruptcy Estate of Public Investors, Inc., a Louisiana Corporation, Appellee, v. FINEVEST LIFE INVESTORS LIMITED PARTNERSHIP and William R. Berkley, Appellants.

United States Court of Appeals, Fifth Circuit.

August 19, 1993.

Attorney(s) appearing for the Case

David G. Radlauer and Warren M. Schultz, Jr., Jones, Walker, Waechter, Poitevent Carrère & Denègre, New Orleans, LA, for appellants.

Timothy M. Burgmeier, Adams & Reese, Baton Rouge, LA and John M. Duck, Adams & Reese, New Orleans, LA, for appellee.

Before REAVLEY, DUHÉ, and BARKSDALE, Circuit Judges.

DUHÉ, Circuit Judge:

Defendants Finevest Life Investors Ltd. Partnership ("Finevest") and William R. Berkley brought this interlocutory appeal from the district court's denial of their motion for summary judgment seeking dismissal based on prescription. Defendants maintain that a one-year prescriptive period for redhibitory actions bars this action. The complaint alleges that Plaintiff's predecessor1 entered an agreement with Defendants...

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