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FITCH v. VALENTINE

No. 2006-CA-00239-SCT.

946 So.2d 780 (2007)

Jerry FITCH, Sr. v. Johnny VALENTINE.

Supreme Court of Mississippi.

January 11, 2007.

Attorney(s) appearing for the Case

Dion Jeffery Shanley, Oxford, S. Duke Goza, attorneys for appellant.

Michael Alfred Jacob, II, Ralph Edwin Chapman, Clarksdale, attorneys for appellee.

Before COBB, P.J., DIAZ and RANDOLPH, JJ.

RANDOLPH, Justice, for the Court.

¶ 1. Following the entry of a $756,500 judgment against him, Jerry Fitch, Sr., appealed. Thereafter, Fitch secured a letter of credit from the Bank of Holly Springs for $943,000, which the Circuit Court of Marshall County approved in lieu of a supersedeas bond, staying execution of the judgment. Fitch subsequently filed a motion to cancel judgment, which Johnny Valentine opposed. The circuit court denied Fitch's motion based...

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