Case Name: CONCORDIA BANK & TRUST CO., v. Samuel Thomas LOWRY, et al.
Court: Louisiana Supreme Court
Jurisdiction: Louisiana
Decision Date: 1989-03-03
Citations: 539 So. 2d 46
Docket Number: No. 89-C-0003
Parties: CONCORDIA BANK & TRUST CO., v. Samuel Thomas LOWRY, et al.
Judges: CALOGERO, J., assigns additional concurring reasons.
Reporter: Southern Reporter, Second Series
Volume: 539
Pages: 46–47

Head Matter:
CONCORDIA BANK & TRUST CO., v. Samuel Thomas LOWRY, et al.
No. 89-C-0003.
Supreme Court of Louisiana.
March 3, 1989.
Reconsideration Denied March 30, 1989.

Opinion:
Writ granted in part and denied in part, The writ is granted for the purpose of amending as follows the portion of the trial court's judgment pertaining to the award of legal interest: Plaintiff is entitled to judgment against the defendants in the full sum of $74,453.14, said amount representing principal and interest due as of August 12, 1986 on the February 1, 1985 promissory note, together with interest on the unpaid principal balance of that note at the rate of 13.5% per annum from August 13, 1986 until December 15, 1986, and thereafter at the rate of 18% per annum until paid. We also reverse the court of appeal's judgment insofar as it affirmed the award for attorney fees of 25% of the amount due, and remand the case to the trial court solely to reconsider the award of attorney's fees in the judgment in light of our decisions in Central Progressive Bank v. Bradley, 502 So.2d 1017 (La.1987) and Leenerts Farms, Inc. v. Rogers, 421 So.2d 216 (La.1982). Otherwise, the writ is denied.
CALOGERO, J., assigns additional concurring reasons.
DENNIS, J., would grant the writ and decide the questions presented after oral argument with a full opinion.