Summit Petroleum Corporation of Indiana and B & J Oil Co., Inc. v. Ingersoll-Rand Financial Corp. And Myron Jones
Court of Appeals for the Sixth Circuit
1Opinion of the Court
RALPH B. GUY, Jr., Circuit Judge.
In this diversity action concerning the sale of collateral securing a commercial debt, defendants Ingersoll-Rand Financial Corporation (IRFC) and Myron Jones appeal from a judgment entered by the district court following a one-day bench trial. The district court, applying Kentucky law, determined that the defendants unlawfully sold a drilling rig by failing to provide notice or a right of redemption to plaintiff Summit Petroleum Corporation of Indiana (Summit), and awarded damages of $303,-244 in favor of Summit and its successor in interest, B & J Oil Co.,…
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