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FIRST UNITED FINANCIAL CORP. v. SPECIALTY OIL CO.

No. 92-7379.

5 F.3d 944 (1993)

FIRST UNITED FINANCIAL CORPORATION, Plaintiff-Appellee, v. SPECIALTY OIL COMPANY, INC. — I, and Sarah M. O'Dom, Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

November 2, 1993.

Attorney(s) appearing for the Case

J. Brad Pigott, Maxey, Pigott, Wann & Begley, Jackson, MS, Jerald R. Harper, Cook, Yancey, King & Galloway, Shreveport, LA, H. Mitchell Cowan, William N. Reed, Watkins Ludlan & Stennis, Jackson, MS, for defendants-appellants.

Kenneth Watts, Eppes, Watts & Shannon, Meridian, MS, for plaintiff-appellee.

Before REAVLEY, SMITH, and EMILIO M. GARZA, Circuit Judges.

EMILIO M. GARZA, Circuit Judge:

This case raises the issue of whether Southeast Mississippi Bank (the "Bank"), a predecessor-in-interest to First United Financial Corporation ("plaintiff"), was a bona fide purchaser of stock pledged by Sarah Myatt O'Dom's husband, Richard O'Dom. The district court found that the Bank was a bona fide purchaser, and consequently held that the plaintiff was the lawful owner of the stock and was further entitled to compel registration...

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