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Publisher Description

The plaintiff, First National Bank of Cicero (the "Bank"), appeals from a summary judgment entered in favor of defendant Lewco Securities ("Lewco") and from a separate but related summary judgment entered in favor of defendants Thompson McKinnon Securities ("Thompson McKinnon") and Donaldson, Lufkin and Jenrette ("Donaldson"). The Bank also appeals from the denial of its motion to amend its original complaint. This is a factually complicated diversity case at the heart of which lies the question whether the Bank accepted certain collateral as a "bona fide purchaser" (a "BFP") and whether, as a result, its claim to the collateral is superior to that of the defendants. We affirm in part, and vacate and remand in part.

GENRE
Professional & Technical
RELEASED
1988
October 27
LANGUAGE
EN
English
LENGTH
34
Pages
PUBLISHER
LawApp Publishers
SELLER
Innodata Book Distribution Services Inc
SIZE
84.3
KB

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