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GULF COAST BANK & TRUST CO., INC. v. CASSE

Nos. 2015-CA-0657, 2015-CA-0658.

192 So.3d 845 (2016)

GULF COAST BANK & TRUST COMPANY, INC. v. Gilles, J. CASSE, et al. Damon J. Baldone v. Gulf Coast Bank and Trust.

Court of Appeal of Louisiana, Fourth Circuit.

April 27, 2016.

Attorney(s) appearing for the Case

Jack A. Ricci , Michael S. Ricci , Jonathan L. Schultis , Ricci Partners, LLC, New Orleans, LA, for Plaintiff/Appellee.

Stewart F. Peck , Joseph P. Briggett , Lugenbuhl, Wheaton, Peck, Rankin & Hubbard, Roderick Rico Alvendia , Law Office of Alvendia Kelly & Demarest, L.L.C., New Orleans, LA, for Defendant/Appellant.

(Court composed of Chief Judge JAMES F. MCKAY III, Judge EDWIN A. LOMBARD, Judge MADELEINE M. LANDRIEU).

GMD International, Inc. (GMD) was a Louisiana corporation formed by three members: Gilles Casse, Mike Legget, and Damon Baldone. In November of 2002, Mr. Baldone, as president and chairman of the board of directors of GMD, executed a receivables purchase agreement with Gulf Coast Bank & Trust Company, Inc. (Gulf...

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