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ROSS v. CONTINENTAL MORTGAGE INVESTORS

Civ. A. No. 72-2834.

404 F.Supp. 922 (1975)

Leonard M. ROSS v. CONTINENTAL MORTGAGE INVESTORS.

United States District Court, E. D. Louisiana.

November 4, 1975.

Attorney(s) appearing for the Case

Herschel L. Abbott, Jones, Walker, Waechter, Poitevent, Carrere & Denegre, New Orleans, La., for plaintiff.

Phillip A. Wittmann, Stone, Pigman, Walther, Wittmann & Hutchinson, New Orleans, La., for defendant.

MEMORANDUM AND ORDER

R. BLAKE WEST, District Judge.

The defendant in this action, Continental Mortgage Investors (CMI), was the interim lender on a construction project. Plaintiff, Leonard M. Ross, was a subsequent purchaser of the project who presently seeks damages from CMI. This matter came before the Court on a motion for summary judgment filed by CMI. Thus, this case raises the rather unique issue of an interim finance lender's liability to a subsequent...

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