Hancock Bank of Louisiana v. Advocate Financial, LLC et al

Justia Dockets & Filings Fifth Circuit Louisiana Middle District Hancock Bank of Louisiana v. Advocate Financial, LLC et al

Hancock Bank of Louisiana v. Advocate Financial, LLC et al

Case Number:	3:2010cv00132
Filed:	February 23, 2010
Court:	US District Court for the Middle District of Louisiana
Office:	Baton Rouge Office
Presiding Judge:	Frank J. Polozola
Presiding Judge:	Stephen C. Riedlinger
Nature of Suit:	Negotiable Instrument
Cause of Action:	28 U.S.C. § 1332 Diversity-Negotiable Instrument
Jury Demanded By:	None

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Date Filed	Document Text
January 11, 2011	Filing 43 RULING granting 27 Motion for Summary Judgment. Hancock Bank is entitled to summary judgment on its main demand against La Chenaie in the amount of $7,311,066.59, plus additional default interest which shall continue to accrue on the unpaid p rincipal balance at a default rate of 21% per annum until paid in full, plus additional attorneys' fees and costs that Hancock Bank may incur in enforcing the judgment, as well as any costs and fees that may accrue under the Note and Guaran ty from August 1, 2010, going forward. Hancock Bank is also entitled to summary judgment on the counterclaim by La Chenaie. The law is clear that Hancock Bank's security interest in Advocate's collateral is valid and Hancock Bank is a secured creditor. LaChenaie's counterclaim is dismissed with prejudice. Signed by Judge Frank J. Polozola on 1/10/11. (PJH) Modified on 1/11/2011 to edit text (PJH).

Date Filed

Document Text

January 11, 2011

Filing 43 RULING granting 27 Motion for Summary Judgment. Hancock Bank is entitled to summary judgment on its main demand against La Chenaie in the amount of $7,311,066.59, plus additional default interest which shall continue to accrue on the unpaid p rincipal balance at a default rate of 21% per annum until paid in full, plus additional attorneys' fees and costs that Hancock Bank may incur in enforcing the judgment, as well as any costs and fees that may accrue under the Note and Guaran ty from August 1, 2010, going forward. Hancock Bank is also entitled to summary judgment on the counterclaim by La Chenaie. The law is clear that Hancock Bank's security interest in Advocate's collateral is valid and Hancock Bank is a secured creditor. LaChenaie's counterclaim is dismissed with prejudice. Signed by Judge Frank J. Polozola on 1/10/11. (PJH) Modified on 1/11/2011 to edit text (PJH).

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