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JENSON v. FIRST GUAR. BANK

Nos. 96 CA 0381, 96 CA 0382.

699 So.2d 403 (1997)

Rick A. JENSON v. FIRST GUARANTY BANK, et al. Rick A. JENSON, et al. v. FIRST GUARANTY BANK, et al.

Court of Appeal of Louisiana, First Circuit.

Rehearing Denied October 8, 1997.

Attorney(s) appearing for the Case

Clayton J. Swank, III, Covington, and Frank V. LeBlanc, III, Metairie, for Plaintiffs-Appellants Rick A. Jenson, et al.

Jack M. Weiss, Paul J. Masinter and Daniel Lund, New Orleans, for Defendants-Appellees First Guaranty Bank, et al.

Before WHIPPLE and FITZSIMMONS, JJ., and TYSON, J. Pro Tem.

FITZSIMMONS, Judge.

Plaintiffs, Rick A. Jenson and Scott Crabtree d/b/a/ Pangaea, Inc., Pangaea Corporation, Pangaea Partnership, or the Pangaea Entities (Pangaea), allege that defendant, First Guaranty Bank (the Bank)2, contracted with plaintiffs, as an independent business, for the recapitalization of the Bank. At the time of the alleged contract, Mr. Jenson was President and a director of the Bank, and Mr. Crabtree was a consultant...

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