Queensboro Steel Corp. v. East Coast MacHine & Iron Works, Inc.

BECTON, Judge.

In this action, Queensboro Steel Corporation (Queensboro) asserted a materialman’s lien on funds owing from Cives Steel Company (Cives) to East Coast Machine & Iron Works, Inc. (East Coast) for steel supplied originally by Queensboro. Branch Banking and Trust Company (Branch Banking) sought to enforce a security interest in the accounts receivable of East Coast, which included the funds sought by Queensboro. The disputed funds were placed in escrow pending trial. The trial court denied a motion by Branch Banking for summary judgment and granted summary judgment in favor of…