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AMERICAN GULF V, INC. v. HIBERNIA NAT. BANK

No. 99-CA-376.

749 So.2d 722 (1999)

AMERICAN GULF V, INC. v. HIBERNIA NATIONAL BANK.

Court of Appeal of Louisiana, Fifth Circuit.

November 10, 1999.

Attorney(s) appearing for the Case

Douglas S. Draper, New Orleans, for Plaintiff/Appellant.

John M. Mamoulides, Metairie, Corinne Ann Morrison, Robert S. Rooth, James C. Young, Lou Anne Milliman, New Orleans, William W. Hall, Metairie, for Defendant/Appellee.

Panel composed of Judges SOL GOTHARD, THOMAS F. DALEY and MARION F. EDWARDS.

DALEY, J.

The plaintiff applied for a loan at Hibernia National Bank, (Hibernia). He was issued two letters of commitment for a 5.5 million dollar loan. These commitment letters expired and plaintiff was unable to close the loan. He filed suit against Hibernia for breach of contract. Following trial, the jury returned a unanimous verdict in favor of Hibernia. After Motions for New Trial and Judgment Not Withstanding the Verdict were denied, plaintiff appealed.

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