REG. BANK v. NORRIS P. RADER OF LAFAYETTE

No. 2004-1505.

904 So.2d 76 (2005)

REGIONS BANK v. NORRIS P. RADER OF LAFAYETTE, INC., et al.

Court of Appeal of Louisiana, Third Circuit.

May 25, 2005.


Attorney(s) appearing for the Case

Warren D. Rush, Charles M. Rush, Rush, Rush and Calogero, Lafayette, LA, for Defendants/Appellants-Norris P. Rader, Sr. and Patsy Marsalis Rader.

Jeffrey Ackermann, Durio, McGoffin, Stagg and Ackermann, Lafayette, LA, for Plaintiff/Appellee-Mega Properties, L.L.C.

Joseph L. Ferguson, New Iberia, LA, for Defendant/Appellee-Sid Hebert, Sheriff.

David Joseph Boneno, Louisiana Bankers Association, Baton Rouge, LA, for Other Appellee-Louisiana Bankers Association.

Court composed of ULYSSES GENE THIBODEAUX, Chief Judge, JOHN D. SAUNDERS, and JIMMIE C. PETERS, Judges.


THIBODEAUX, Chief Judge.

In this case of an attempted purchase of litigious rights, Norris P. Rader, Sr. and Patsy Marsalis Rader appeal a trial court judgment which not only set a price at which they could purchase and thereby extinguish a litigious right which had been assigned to another entity by the original debt-holder, but also permitted Mega Properties, L.L.C., the assignee of the litigious right, to retain collateral purportedly owned by Mr. and Mrs. Rader...

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