Irving Bank & Trust Co. v. Second Land Corp.
This case involves an appeal from a temporary injunction that restrained a trustee's sale of land. The injunction was sought by Fowler Brothers Sand & Gravel, its partners, and Second Land Corporation against Irving Bank & Trust Company, alleging that notes secured by deeds of trust on the property were usurious, thereby negating the right to foreclose. The appellate court affirmed the trial court's discretion to issue the temporary injunction, preserving the status quo until the merits of the usury claims could be fully litigated. The court declined to decide the usury questions on interlocutory appeal, finding that the appellees made a sufficient showing of probable right to recovery and probable injury if the injunction was not granted. The court also determined that a suit for usury penalties was not an adequate legal remedy given the potential loss of real estate and business interruption, which would not be adequately compensated by money damages.