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FERGUSON v. CADLE CO.

1991326, 1991327, 1991399 and 1991400.

816 So.2d 473 (2001)

Robert M. FERGUSON v. The CADLE COMPANY. The Cadle Company v. Robert M. Ferguson.

Supreme Court of Alabama.

October 5, 2001.

Attorney(s) appearing for the Case

James G. Curenton, Jr., Fairhope, for appellant/cross appellee Robert M. Ferguson.

George B. Jones, Atmore, for appellee/cross appellant The Cadle Company.

On Application for Rehearing

WOODALL, Justice.

The opinion of June 29, 2001, is withdrawn, and the following opinion is substituted therefor.

The parties to these appeals are The Cadle Company ("Cadle") and Robert M. Ferguson, former president and chief executive officer of Power Equipment Company, Inc. ("PEC"). Cadle is an investment company that purchases loans from financial institutions. PEC was an equipment supply company that maintained...

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