News & Events

New Member Obtains Successful Decision

The United States Court of Appeals for the Fifth Circuit has enforced a bank guaranty in a case Luther T. Munford argued on behalf of the bank – Branch Banking and Trust Company v. Price, March 22, 2013. The debtor, a Columbia, MS businessman, contended that the guaranties in question conflicted and so required no payment. The Mississippi Supreme Court has held that a Mississippi tobacco fee violated the interstate commerce clause of the United States Constitution. Commonwealth Brands Inc. v. Morgan, April 4, 2013. The fee applied to either distribution or sale, and so discriminated against interstate commerce as applied to cigarettes distributed through Mississippi for sale elsewhere. The Supreme Court reversed the trial court on the merits but affirmed its refusal to award attorneys’ fees. Luther T. Munford argued for Commonwealth Brands, which is now a Butler Snow client.