FARM CREDIT BANK OF TEXAS
v.
FIREMAN'S FUND INSURANCE COMPANY, et al.
United States District Court, W.D. Louisiana, Monroe Division.https://leagle.com/images/logo.png
April 26, 1993.
Ruling Denying Reconsideration May 25, 1993.
Attorney(s) appearing for the Case
Ralph D. McBride, Bruce D. Oakley, Lisa G. Zummo, Eileen K. Wilson, Richard D. Sanders, Bracewell & Patterson, Houston, TX, Jean Marie Sweeney, J. Timothy Betbeze, Ann C. Dowling, William C. Gambel, Veronica L. Odinet, Milling Benson Woodward Hillyer Pierson & Miller, New Orleans, LA, for Farm Credit Bank of Texas.
Matt J. Farley, Charles F. Seemann, Jr., Duris L. Holmes, Deutsch Kerrigan & Stiles, New Orleans, LA, George C. Reid, Lindsey L. Cook, Phillips Hinchey & Reid, Atlanta, GA, for Fireman's Fund Ins.
H. Bruce Shreves, Susan B. Kohn, Judy Perry Martinez, Simon Peragine Smith & Redfearn, New Orleans, LA, for Commercial Union Ins. Co.
Brian Allen Homza, F. Drake Lee, Jr., Cook Yancey King & Galloway, Shreveport, LA, for Aetna Cas. & Sur. Co.
Ray C. Dawson, Mark D. Mese, Franklin Moore & Walsh, Baton Rouge, LA, for Federal Ins. Co.
F. Drake Lee, Jr., Cook Yancey et al., Shreveport, LA, for Reliance Ins. Co.
Thomas Davenport, Jr., Davenport Files & Kelly, Monroe, LA, William J. Hamlin, Walker Bordelon Hamlin Theriot & Hardy, New Orleans, LA, Patrick S. Brady, Ginsberg Stanich & Dufford, Phillip H. Ginsberg, Steven D. Brown, Stokes Eitelbach & Lawrence, Seattle, WA, for Marsh & McLennan, Inc.
United States District Court, W.D. Louisiana, Monroe Division.
RULING
LITTLE, District Judge.
This suit is but one tributary in the torrent of litigation precipitated by one loan made by the Federal Land Bank of Jackson (FLBJ) in 1983. In July 1983, on the recommendation of Lawrence Bingham (President of the Federal Land Bank Association of Monroe, Louisiana), FLBJ loaned $15 million to T.A. Grant III, James C. Steele III, and Suzanne B. Grant to finance the purchase of...
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