Emond Plumbing & Heating, Inc. v. BankNewport

OPINION

Justice FLAHERTY,

for the Court.

Emond Plumbing & Heating, Inc. (Emond) and Tecta America New England, LLC (Tecta) (collectively the plaintiffs) appeal from a judgment of the Superior Court granting BankNewport’s (defendant) motion for summary judgment and denying the plaintiffs’ cross-motion for summary judgment. On appeal before this Court, the plaintiffs argue that the Superior Court erred when it analyzed their claims under the Uniform Commercial Code (UCC) and the equitable subordination framework applicable to priority disputes between secured and unsecured creditors. Instead, the…