Gibraltar Savings, Cross-Appellant v. Ldbrinkman Corp., Cross-Appellee, and Lloyd D. Brinkman, Defendant-Cross

U.S. Court of Appeals, Fifth Circuit · Decided 1988-12-30

Cited by 130 later decision(s) in our corpus · see the citation network in Lexace

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JERRY E. SMITH, Circuit Judge: This appeal challenges $6,000,000 plus interest and attorneys’ fees awarded upon jury findings that officers of a holding company fraudulently induced a $5 million loan to a subsidiary and that they thereafter “looted” the named borrower’s assets and thus tortiously interfered with its contractual obligations to the lender. The district court also granted judgment notwithstanding the verdict…

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