GWN Petroleum Corp. v. Ok-Tex Oil & Gas, Inc.

EBEL, Circuit Judge.

This appeal arises out of a garnishment action instituted by the appellant, Four-O-One Corp. (“Four-O-One”), to recover proceeds from the sale of oil and gas that were paid to the appellee, the Federal Deposit Insurance Corporation (“FDIC”). The district court granted the FDIC’s motion for summary judgment, denying Four-O-One relief. We affirm.

FACTS

Both parties accepted, and set forth in their briefs, the description of the facts of this case as set forth by the. district court. They are as follows:

In early 1984 Sutherland Well Service, Inc.,' (“Sutherland”), Four-O-One’s…