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UNITED STATES v. DYNA-TEX, INCORPORATED

Civ. A. No. 7688.

372 F.Supp. 278 (1972)

UNITED STATES of America v. DYNA-TEX, INCORPORATED, a Tennessee corporation, et al.

United States District Court, E. D. Tennessee, N. D.

December 5, 1972.

Attorney(s) appearing for the Case

John L. Bowers, Jr., U. S. Atty., Robert E. Simpson, Asst. U. S. Atty., Knoxville, Tenn., for plaintiff.

John M. Norris, Cheek, Taylor & Groover, Knoxville, Tenn., John M. Davis, Wartburg, Tenn., David M. Pack, Atty. Gen., William Hubbard, Deputy Atty. Gen., Nashville, Tenn., J. Polk Cooley, Rockwood, Tenn., for defendants.

MEMORANDUM

ROBERT L. TAYLOR, District Judge.

This is an action by the United States to recover a sum of money loaned to Dyna-Tex, Inc. On July 9, 1965, the Area Redevelopment Administration (predecessor of the Economic Development Administration, E.D.A.) loaned to Dyna-Tex, Inc. $1,693,250.00. The loan was evidenced by a promissory note payable to the Small Business Administration, S.B.A., and secured by a trust deed and a security agreement. The trust deed...

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