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RESOLUTION TRUST CORP. v. SECURITY TOWN CO.

Civ. A. Nos. 89-4056, 89-4494 and 89-4419.

745 F.Supp. 1216 (1990)

RESOLUTION TRUST CORPORATION as Receiver for Security Homestead Federal Savings Association v. SECURITY TOWN COMPANY. RESOLUTION TRUST CORPORATION as Receiver for Security Homestead Federal Savings Association v. SECURITY TOWN COMPANY II. RESOLUTION TRUST CORPORATION as Receiver for Security Homestead Federal Savings Association v. SECURITY TOWN COMPANY III.

United States District Court, E.D. Louisiana.

August 29, 1990.

Attorney(s) appearing for the Case

James Alcee Brown, Julie E. Schwartz; Edward J. Gay, III, Liskow & Lewis, Walter C. Thompson, Jr., Sessions & Fishman, Anthony Paul Dunbar, Oswald Paul Sobrino, Federal Public Defender, New Orleans, La., for plaintiff.

Robert Fernand Shearman, R. Ray Orrill, Jr., Orrill & Shearman, New Orleans, La., for defendants.

Emile Louis Turner, Jr., Turner, Young & Hebbler, New Orleans, La., for movant.

ARCENEAUX, District Judge.

Before the Court is plaintiff Resolution Trust Corporation's ("RTC") Motion To Dissolve Injunctions. Because the positions asserted by the plaintiff have merit, the Court grants the motion and dissolves the injunctions entered by the state trial court before the removal of these cases to this Court.

Background

In December 1981, Wade T. Verges approached Security Homestead Association ("Security"), a federally chartered...

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