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BANCROFT LIFE & CAS. ICC v. FFD RESOURCES II, LLC

Civil Action No. H-11-2384.

884 F.Supp.2d 535 (2012)

BANCROFT LIFE & CASUALTY ICC, LTD., Plaintiff, v. FFD RESOURCES II, LLC, Defendant. Fed Resources II, LLC and FFD Ventures, LP, Counterclaim Plaintiffs, v. Bancroft Life & Casualty ICC, Ltd., Counterclaim Defendant.

United States District Court, S.D. Texas, Houston Division.

August 2, 2012.

Attorney(s) appearing for the Case

Andrew M. Edison , Houston, TX, C. Dennis Southard, IV , Christopher "Kip" Schwartz , Eric N. Heyer , Schwartz & Associates PLLC, Washington, DC, Leslie J. Suson , Thompson Hine LLP, Atlanta, GA, for Plaintiff.

Jeremiah J. Anderson , Houston, TX, Charles L. Bachman, Jr. , Robert L. Fortson , Turner, Bachman & Garrett LLC, Marietta, GA, for Defendant.

OPINION AND ORDER

MELINDA HARMON, District Judge.

Pending before the Court in the above referenced cause, alleging that Defendant/Counterclaim-Plaintiff FFD Resources II, LLC ("FFD2") defaulted on five loans from Plaintiff/Counterclaim-Defendant Bancroft Life & Casualty ICC, Ltd. ("Bancroft"), in the total amount of $1,546,650.00, and that FFD2 misused the collateral securing the loans, are two inter-related matters: (1) Bancroft's objections...

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