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GULF STATES LAND & DEV. INC. v. OUACHITA NAT. BANK IN MONROE

Nos. 24293-CA to 24295-CA.

612 So.2d 1031 (1993)

GULF STATES LAND & DEVELOPMENT INC., et al., Plaintiff-Appellant, v. The OUACHITA NATIONAL BANK IN MONROE, Defendant-Appellee. The OUACHITA NATIONAL BANK IN MONROE, Plaintiff-Appellee, v. GULF STATES LAND & DEVELOPMENT, INC., et al., Defendant-Appellant.

Court of Appeal of Louisiana, Second Circuit.

Rehearing Denied February 18, 1993.

Attorney(s) appearing for the Case

Theus, Grisham, Davis & Leigh, by J. Michael Hart, Monroe, for Gulf States Land & Development, Inc., et al.

Blackwell, Chambliss, Hobby & Henry, by Sam O. Henry, IV, West Monroe, for A.W. Hood, Jr.

Winstead Sechrest & Minick, by Jeff Joyce and W. Mike Baggett, Houston, TX, and Shotwell, Brown & Sperry, by George M. Wear, Jr., Monroe, for Premier Bank, N.A., amicus curiae.

Before MARVIN, C.J., and NORRIS and LINDSAY, JJ.

MARVIN, Chief Judge.

In this action that was initially instituted in 1988 for damages allegedly caused by a breach of a 1986 commercial loan agreement by the defendant bank, the appeal is from a 1992 judgment sustaining an exception of one-year liberative prescription directed at a 1991 amended petition that alleged that a bank officer extorted one of the individual borrowers into signing the loan agreement by threatening to publicize embarrassing information...

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