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WATSON v. MATRANGA

No. 92-CA-661.

613 So.2d 711 (1993)

Jack C. WATSON v. Joseph J. MATRANGA.

Court of Appeal of Louisiana, Fifth Circuit.

January 26, 1993.

Attorney(s) appearing for the Case

Edgar K. Corey, New Orleans, LA, for defendant and plaintiff in reconvention-appellant.

T. Carey Wicker, III, Capitelli & Wicker, New Orleans, LA, for plaintiff and defendant in reconvention-appellee.

Before GAUDIN, DUFRESNE and CANNELLA, JJ.

GAUDIN, Judge.

This is an appeal by Joseph J. Matranga Jr. from a judgment of the 24th Judicial District Court which rescinded a sale of stock by appellant to Steel, Inc. and which voided the related promissory note signed on September 18, 1981 by a corporate executive and by appellee Jack C. Watson personally.

The trial judge found (1) that Matranga was not a holder in due course and (2) that there was no consideration for the note. We affirm.

Watson...

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