Legal Opinion

D.C.I. Danaco Contractors, Inc. v. European American Bank (In Re D.C.I. Danaco Contractors, Inc.)

United States Bankruptcy Court, E.D. New York

Decided June 8, 1992No. 1-19-40714PublishedCited by 3 opinions

1Opinion of the Court

DOROTHY EISENBERG, Bankruptcy Judge.

BACKGROUND

Plaintiff, D.C.I. Danaco Contractors, Inc. (“DCI” or “Debtor”) has instituted this adversary proceeding seeking summary judgment pursuant to Bankruptcy Rule 7056 declaring that defendant European American Bank (“EAB” or “Defendant”) does not have a security interest in DCI’s accounts receivables, which arise from public improvements. The Court having carefully considered the facts and circumstances of the transactions grants DCI’s motion to set aside any claimed lien by EAB on Debtor’s accounts receivable due from public improvement contracts.

DCI…

2Cases cited11 opinions

  1. Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
  2. Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
  3. Annette Heyman v. Commerce and Industry Insurance CompanyCourt of Appeals for the Second Circuit · 1975
  4. Schering Corporation, Plaintiff-Appellee-Cross-Appellant v. Home Insurance Company, Defendant-Appellant-Cross-AppelleeCourt of Appeals for the Second Circuit · 1983
  5. In the Matter of Vintero Corporation, Debtor. Vintero Corporation v. Corporacion Venezolana De FomentoCourt of Appeals for the Second Circuit · 1984

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3Cited by3 opinions

  1. Federal Deposit Insurance v. HastieCourt of Appeals for the Tenth Circuit · 1993
  2. In Re HastieCourt of Appeals for the Tenth Circuit · 1993
  3. United States v. Lincoln Savings Bank (In Re Commercial Millwright Service Corp.)United States Bankruptcy Court, N.D. Iowa · 1998

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