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STOVALL v. FED. SAVINGS &c. INS. CORP.

S90A0773.

260 Ga. 475 (1990)

396 S.E.2d 484

STOVALL et al. v. FEDERAL SAVINGS & LOAN INSURANCE CORPORATION.

Supreme Court of Georgia.

Reconsideration Denied October 24, 1990.

Attorney(s) appearing for the Case

Lamberth, Bonapfel, Cifelli & Wilson, J. Michael Lamberth, Carter L. Stout, for appellants.

Rubin & Meroney, Anne E. Meroney, for appellee.

SMITH, Presiding Justice.

Commonwealth Savings sued the appellants, James T. Stovall, Thomas R. Spradlin, and Barry J. Israel, for defaulting on certain promissory notes in relation to a condominium investment. The trial court allowed the appellee, Federal Savings and Loan Insurance Corporation (FSLIC) to intervene and held that the estoppel rule established in D'Oench, Duhme & Co. v. FDIC, 315 U.S. 447 (62 S.C. 676, 86 LE...

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