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FOURCHON, INC. v. LOUISIANA NAT. LEASING CORP.

Civ. A. No. 82-127-B.

548 F.Supp. 1258 (1982)

FOURCHON, INC. v. LOUISIANA NATIONAL LEASING CORPORATION, et al.

United States District Court, M.D. Louisiana.

October 21, 1982.

Attorney(s) appearing for the Case

Robert N. Habans, Jr., McGlinchey, Stafford & Mintz, New Orleans, La., for plaintiff.

David Vaughn, Sanders, Downing, Kean & Cazedessus, Baton Rouge, La., for defendants.

POLOZOLA, District Judge.

Fourchon, Inc. has filed this suit seeking to recover damages from Louisiana National Leasing Corporation (LNL) and Louisiana National Bank (LNB). Fourchon contends that it obtained a loan from LNL for $700,000 and that LNL knowingly charged "interest on interest" on the loan in violation of Article 1939 of the Louisiana Civil Code. As a result, Fourchon contends that LNL violated 12 U.S.C. § 85 which provides that a national bank in...

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