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COMMUNITY & SOUTHERN BANK v. LOVELL

S17A0765.

807 S.E.2d 444 (2017)

COMMUNITY & SOUTHERN BANK v. LOVELL et al.

Supreme Court of Georgia.

Decided October 30, 2017.

Attorney(s) appearing for the Case

Bret Thomas Thrasher , THOMPSON, O'BRIEN, KEMP & NSAUTI, P.C., 40 Technology Parkway South, Suite 300, Norcross, Georgia 30092, William J. Shaughnessy , JONES WALKER, LLP, 1360 Peachtree Street NE, Suite 1030, Atlanta, Georgia 30309, Sarah Hannah Newman , Barnes & Thornburg LLP, 3476 Piedmont Road N.E., Suite 1700, Atlanta, Georgia 30305, for Appellant.

John A. Christy , Andrew John Lavoie , SCHREEDER, WHEELER & FLINT, LLP, 1100 Peachtree Street, N.E., Suite 800, Atlanta, Georgia 30309-4516, James H. Cox , THE CARR LAW GROUP, P.O. Box 999, Clarkesville, Georgia 30523, for Appellees.

In December 2011, Georgia Trust Bank secured a judgment against Virgil Lovell for $1.2 million. The next year, Georgia Trust failed, and its assets went into receivership with the Federal Deposit Insurance Corporation, which later sold the judgment against Lovell to Community & Southern Bank. When CSB was unable to collect...

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