FOR IMMEDIATE NEWS RELEASE

NEWS RELEASE # 074

FROM: CLERK OF THE SUPREME COURT OF LOUISIANA

The Opinion handed down on the 16th day of November, 2007, is as follows:

BY KNOLL, J.:

2006-CC- 2195 FIRST NATIONAL BANK OF PICAYUNE v. PEARL RIVER FABRICATORS, INC. (Parish of St. Tammany)
For the foregoing reasons, the judgment of the Court of Appeals, First Circuit, is affirmed. This matter is remanded to the trial court for consideration of Phoenix's request for damages for wrongful sequestration.
AFFIRMED AND REMANDED TO THE TRIAL COURT.

JOHNSON, J., dissents for reasons assigned by Traylor, J.
TRAYLOR, J., dissents and assigns reasons.
WEIMER, J., concurs and assigns reasons.