GUARANTY BANK & TRUST CO. v. AGREX, INC.

No. 15-60445.

820 F.3d 790 (2016)

GUARANTY BANK & TRUST COMPANY, Plaintiff-Appellee v. AGREX, INCORPORATED, doing business as FGDI, Wholly Owned Subsidiary of Mitsubishi Corporation, Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

April 28, 2016.


Attorney(s) appearing for the Case

Heath Shannon Douglas, Esq. , Samuel George Maddox , April Danielle Robertson, Esq. , Charles S. Tindall, III , Lake Tindall, L.L.P., Greenville, MS, for Plaintiff-Appellee.

Ronald Keith Foreman , J. Mark Franklin, III , McKay, Lawler, Franklin & Foreman, P.L.L.C., Ridgeland, MS, David Carroll Barrett, Jr. , Troy Adam Callicoat , Attorney, Barrett, Easterday, Cunningham & Eselgroth, L.L.P., Dublin, OH, for Defendant-Appellant.

Before KING, SOUTHWICK, and HAYNES, Circuit Judges.


David Walker received a loan from Plaintiff-Appellee Guaranty Bank & Trust Company to produce his 2012 crop of soybeans and corn. Guaranty took a production-money security interest in Walker's crops, and Walker later delivered these crops to Defendant-Appellant Agrex, Incorporated, d/b/a FGDI, under a series of contracts. Because Walker...

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