James C. Thomas, as Trustee of Slt Trust 1 (Rev): 9/29/83 v. E. Lawrence Price, as Trustee of the Elaine Price Trust 1983

EDITH H. JONES, Circuit Judge:

This case is the result of a bitter dispute between former partners in a private banking enterprise. The trial of their protracted litigation leads from New York to Texas. The district court granted the defendants summary judgment, dismissed the SLT Trust from the action, and dismissed all of the plaintiff’s claims except one. The principal issues raised in this appeal concern the consequences of foreclosure on a partnership interest held as collateral. We affirm the district court’s decision, see 718 F.Supp. 598 (S.D.Tex.1989), on modified reasoning.

FACTS

Appellan…