Legal Opinion
Scallop Petroleum Co. v. Banque Trad-Credit Lyonnais [France] S.A.
District Court, S.D. New York
Decided May 2, 1988No. 86 Civ. 1967 (LLS)PublishedCited by 5 opinions
1Opinion of the Court
OPINION AND ORDER
STANTON, District Judge.
In this interpleader action, contesting creditors claim priority in the same collateral. Two of them whose interests substantially coincide, defendants BAII Banking Corporation (“BAII New York”) and Banque Arabe et Internationale d’lnvestissement (“BAII Paris”) (collectively “BAII”), move for and are granted summary judgment pursuant to Fed.R.Civ.P. 56 dismissing the claim of their competing defendant Banque Trad-Credit Lyonnais [France] S.A. (“Banque Trad”) to the collateral.
FACTS
The following facts are stipulated. Will Petroleum, Inc. (“Will”), a…
2Cases cited6 opinions
- In the Matter of Bollinger Corporation, Bankrupt. Appeal of Carl L. Bigler, Trustee for Bollinger CorporationCourt of Appeals for the Third Circuit · 1980
- In the Matter of Numeric Corp., Bankrupt. Appeal of Russell E. BlankCourt of Appeals for the First Circuit · 1973
- Jackson County Federal Savings & Loan Ass'n v. Maduff Mortgage Corp.District Court, D. Colorado · 1985
- John Deere Co. v. NealCourt of Appeals of Texas · 1976
- Bigelow-Sanford, Inc. v. Security-Peoples Trust Co.Superior Court of Pennsylvania · 1982
1 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Phillip Kunkel v. Sprague Natl. BankCourt of Appeals for the Eighth Circuit · 1997
- In Re Alcom America Corp.District Court, District of Columbia · 1993
- First State Bank v. ClarkSupreme Court of Iowa · 2001
- Kunkel v. Sprague National BankCourt of Appeals for the First Circuit · 1997
- Lauren Elizabeth Folan v. Santander Consumer USA Inc.; GPI MA-DM Inc. d/b/a Mercedes-Benz of Hanover; Santander Drive Auto Receivables LLC; Santander Drive Auto Receivables Trust 2024-5; Citibank, N.A.; and Edward J. Sackman, Esq.District Court, D. Massachusetts · 2025