Legal Opinion

LDB Media, LLC v. Gravitas Leasing, LLC (In re LDB Media, LLC)

United States Bankruptcy Court, M.D. Florida

Decided September 12, 2013No. Case No. 8:12-bk-02560-MGW; Adv. No. 8:12-ap-00715-MGWPublished

1Opinion of the Court

Chapter 11

MEMORANDUM OPINION ON VALIDITY OF SECURITY INTERESTS

Michael G. Williamson, United States Bankruptcy Judge

Gravitas Leasing claims to have a security interest in satellite news trucks (and *334other vehicles) that the Debtor uses to operate its cable news channel, as well as the equipment located in the news trucks. But Gravitas did not note its interest on the titles to the vehicles until sometime during the 90-day period before the Debt- or filed this case. And neither Gravitas’ security agreement nor its UCC-1 financing statement specifically lists the equipment in the news trucks or…

2Cases cited4 opinions

  1. Goodrich Silvertown Stores v. Pratt Motor Co.Supreme Court of Minnesota · 1936
  2. Bank of California v. LMJ, Inc. (In Re LMJ, Inc.)District Court, D. Nevada · 1993
  3. State v. WoodwardNew Mexico Court of Appeals · 1983
  4. In Re Wak Ltd., Inc.United States Bankruptcy Court, S.D. Florida. · 1992

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