Legal Opinion
Gibraltar Financial Corp. v. Prestige Equipment Corp.
Indiana Supreme Court
Decided June 21, 2011No. 20S03-1010-CV-618PublishedCited by 1 opinion
1Opinion of the Court
SULLIVAN, Justice.
The parties to this lawsuit claim rights to a punch press used in the manufacturing business of now-defunct Vitco Industries, Inc. Gibraltar Financial Corp. holds a perfected security interest in Vitco’s tangible and intangible property, including its equipment. The other parties claim that the security interest does not cover the press because the press was not Vitco’s equipment; rather, it had been leased to Vitco by Key Equipment Finance, Inc. We find that genuine issues of material fact exist regarding whether the press was leased.
Background
Vitco Industries, Inc., was a…
2Cases cited15 opinions
- In Re: Pillowtex, Inc. Duke Energy Royal, LLC v. Pillowtex CorporationCourt of Appeals for the Third Circuit · 2003
- United Airlines, Inc. v. Hsbc Bank Usa, N.A., as Trustee, and California Statewide Communities Development AuthorityCourt of Appeals for the Seventh Circuit · 2005
- In Re QDS Components, Inc.United States Bankruptcy Court, S.D. Ohio · 2002
- In Re Grubbs Construction Co.United States Bankruptcy Court, M.D. Florida · 2005
- Kimco Leasing, Inc. v. State Board of Tax CommissionersIndiana Tax Court · 1995
10 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Kimberly Stanley and Anthony Stanley v. Pawnee Leasing Corp. (mem. dec.)Indiana Court of Appeals · 2017