United States of America, Small Business Administration, Truduax Corporation, Claimant-Appellant v. Vanguard Investment Company, Inc.

OPINION

PHILLIPS, Circuit Judge:

Trudaux Corporation (Trudaux) appeals from an order granting summary judgment against it and for the Small Business Admin istration (SBA) as receiver for Vanguard Investment Company. Vanguard is a corporation being wound up on order of the district court pursuant to the relevant provision of the Small Business Investment Act (SBIA), 15 U.S.C. §§ 687c. In the claims filing phase of that proceeding, Trudaux sought classification as a creditor of Vanguard, alleging that it was fraudulently induced to subscribe to Vanguard preferred stock and therefore was entitled…