Teel Construction, Inc. v. Lipper, Inc.

By JUDGE THOMAS A. FORTKORT

This matter is before the Court on plaintiff Teel Construction, Inc.’s ("Teel") motion to determine the validity of a financing statement filed by Riggs National Bank ("Riggs") on certain goods owned by Lipper, Inc. ("Lip-per"). Teel sought to satisfy a prior judgment against Lipper by directing the Fairfax County Sheriff to levy upon certain inventory and goods of Lipper. The Sheriff levied upon Lipper’s inventory on September 28, 1989, and October 6, 1989. Riggs claims that the levies were ineffective because the goods levied upon were pledged to Riggs as…