In a recent First Circuit Court of Appeal case, the court addressed whether the holder of a secured promissory note can recover from a third party who allegedly damaged the collateral for the note. Procedurally, the trial court had granted summary judgment in favor of the plaintiff, awarding the full amount requested. On appeal, the court found that … Continue reading Louisiana Appeals Court Finds a Lien Holder of an Uninsured Motor Vehicle is Barred from Recovery by the No Pay, No Play Law