Lb Folding Co. v. Gergel-Kellem Corp.

Porter, Judge.

Plaintiff-appellant LB Folding Company, Inc. (“LB”) appeals from the trial court’s granting of summary judgment in favor of the defendant-appellee, Ger-gel-Kellem, Inc., d.b.a. Watt Printing (‘Watt”). LB claims the court erred in holding that the lapse of LB’s security interest in certain machinery operated retroactively, thereby rendering it unperfected as to Watt’s pre-lapse purchase of the secured collateral under R.C. 1309.40(B)(1). LB also argues that the court incorrectly granted summary judgment to Watt on LB’s conversion and execution lien claims. We find no error in the…