Legal Opinion
A & J Produce Corp. v. Bronx Overall Economic Development Corp.
Court of Appeals for the Second Circuit
Decided September 10, 2008No. Docket 07-3041-cv (L), 07-3402-cv (Con)PublishedCited by 15 opinions
1Per curiam
This appeal concerns the distribution of proceeds received from the sale of certain assets in a statutory trust created pursuant to the Perishable Agricultural Commodities Act, 7 U.S.C. § 499e(c) (“PACA”). We agree with the district court that a secured creditor’s lien on PACA trust assets does not constitute a transfer of the assets beyond the reach of PACA protected creditors.
BACKGROUND
In 1986, American Banana Company, Inc. (“ABC”), a perishable agricultural commodities dealer, purchased unit shares in the Hunts Point Terminal Produce Cooperative Association (“the Units”). When BOEDC made a…
2Cases cited7 opinions
- Reaves Brokerage Co. v. Sunbelt Fruit & Vegetable Co.Court of Appeals for the Fifth Circuit · 2003
- New York Times Co. v. TasiniSupreme Court of the United States · 2001
- In Re Kornblum & Co., Inc., Debtor. Tom Lange Co., Inc., and Scott Finks Co., Inc. v. Kornblum & Co., Inc.Court of Appeals for the Second Circuit · 1996
- Consumers Produce Co. v. Volante Wholesale Produce, Inc.Court of Appeals for the Third Circuit · 1994
- C.H. Robinson Co. v. Trust Co. Bank, N.A.Court of Appeals for the Eleventh Circuit · 1992
2 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Island Park, LLC v. CSX TransportationCourt of Appeals for the Second Circuit · 2009
- Owner Operator Independent Drivers Ass'n v. Comerica Bank (In Re Arctic Express Inc.)Court of Appeals for the Sixth Circuit · 2011
- S & H Packing & Sales Co. v. Tanimura Distributing, Inc.Court of Appeals for the Ninth Circuit · 2018
- McDay v. TravisCourt of Appeals for the Second Circuit · 2008
- Nickey Gregory Co., LLC v. AGRICAP, LLCDistrict Court, D. South Carolina · 2008
10 more not listed; retrieve them via the Exa API.