(DOWNLOAD) "Haralson v. E.F. Hutton Group Inc." by United States Court of Appeals for the Fifth Circuit # eBook PDF Kindle ePub Free

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eBook details

Title: Haralson v. E.F. Hutton Group Inc.
Author : United States Court of Appeals for the Fifth Circuit
Release Date : January 26, 1990
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 89 KB

Description

The E.F. Hutton Group Inc. ("Hutton Group") and its securities and commodities brokerage subsidiary, E.F. Hutton & Co. Inc. ("Hutton Company") (Hutton Group and Hutton Company collectively "Hutton") sued George J. Aubin, his wife Cameron E. Aubin, several trading companies owned by George Aubin, John B. Haralson, Caren C. Grant, Richard L. Fuqua, II, IBR, Inc., and RBI, Inc. (collectively "the Aubin parties") to recover approximately $60 million under multifarious theories, including common law and securities fraud, fraudulent transfer of assets, breach of contract, tortious interference, civil conspiracy, unjust enrichment, and rescission. Huttons allegations stem from a complex series of transactions wherein Hutton accepted the prospective proceeds from the sale of Ben Milam Savings & Loan Association ("Milam") and Mercury Savings Association ("Mercury") (collectively "the S & Ls") as security for a loan to RBI. RBI never repaid Hutton, and the Federal Home Loan Bank Board ("FHLBB") declared the S & Ls insolvent. The Aubin parties also sued Hutton, contending that Hutton was responsible for the S & Ls conservatorship, and seeking damages from Hutton based on usury, breach of contract, breach of fiduciary duty, tortious interference, etc. The cases were consolidated in the Southern District of Texas.