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MERCURY AIRCRAFT HOLDINGS v. ELITE HOLDINGS

No. 32,709-CA.

750 So.2d 468 (2000)

MERCURY AIRCRAFT HOLDINGS, INC., Plaintiff-Appellant, v. ELITE HOLDINGS, INC., Defendant-Appellee.

Court of Appeal of Louisiana, Second Circuit.

January 26, 2000.

Attorney(s) appearing for the Case

Mason L. Oswalt, Monroe, Counsel for Plaintiff-Appellant.

Hayes, Harkey, Smith & Cascio by Thomas M. Hayes, III, Monroe, Counsel for Defendant-Appellee.

Before NORRIS, C.J., and BROWN and STEWART, JJ.

NORRIS, Chief Judge.

Mercury Aircraft Holding (Mercury) appeals a judgment sustaining an exception of res judicata and dismissing its suit to rescind a sale. Elite Holdings, Inc. (Elite) answers the appeal requesting damages for a frivolous appeal. We affirm the district court's ruling sustaining Elite's exception of res judicata and deny Elite's request for damages.

Facts

Elite acquired from Riverwood International an assignment of a lease...

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