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BANCROFT LIFE & CAS. ICC v. FFD RESOURCES II, LLC

Civil Action No. H-11-2384.

884 F.Supp.2d 535 (2012)

BANCROFT LIFE & CASUALTY ICC, LTD., Plaintiff, v. FFD RESOURCES II, LLC, Defendant. Fed Resources II, LLC and FFD Ventures, LP, Counterclaim Plaintiffs, v. Bancroft Life & Casualty ICC, Ltd., Counterclaim Defendant.

United States District Court, S.D. Texas, Houston Division.

August 2, 2012.

Attorney(s) appearing for the Case

Andrew M. Edison, Houston, TX, C. Dennis Southard, IV, Christopher "Kip" Schwartz, Eric N. Heyer, Schwartz & Associates PLLC, Washington, DC, Leslie J. Suson, Thompson Hine LLP, Atlanta, GA, for Plaintiff.

Jeremiah J. Anderson, Houston, TX, Charles L. Bachman, Jr., Robert L. Fortson, Turner, Bachman & Garrett LLC, Marietta, GA, for Defendant.

OPINION AND ORDER

MELINDA HARMON, District Judge.

Pending before the Court in the above referenced cause, alleging that Defendant/Counterclaim-Plaintiff FFD Resources II, LLC ("FFD2") defaulted on five loans from Plaintiff/Counterclaim-Defendant Bancroft Life & Casualty ICC, Ltd. ("Bancroft"), in the total amount of $1,546,650.00, and that FFD2 misused the collateral securing the loans, are two inter-related matters: (1) Bancroft's objections...

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