Stingley v. AlliedSignal, Inc. (In Re Libby International, Inc.)
United States Bankruptcy Appellate Panel for the Eighth Circuit
1Opinion of the Court
SCOTT, Bankruptcy Judge.
I
Debtor Libby International, Inc. (“Libby”), which manufactured portable electric generating equipment for the United States Air Force, contracted with Allied-Signal, Inc. to obtain engines suitable for use in generators manufactured by Libby International. In March 1998, Libby International owed AlliedSignal over eight million dollars on the contracts for engines. In light of this high debt and in order to facilitate payment, an escrow account was established with First Trust National Association (“the bank”). In April 23, 1998, Libby submitted a form to the Air Force…
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- In Re Interior Wood Products Company. Sheridan J. Buckley v. Jeld-Wen, Inc.Court of Appeals for the Eighth Circuit · 1993
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