Lawrence Paper Company American Corrugated MacHine Corporation v. Rosen & Company, Inc. Ameritrust Company, N.A. Alpine Corrugated MacHine

BERTELSMAN, District Judge:

This is an appeal from the granting of summary judgment for the defendants by the district court. The dispute arises out of an auction of certain manufacturing equipment used in making corrugated cardboard boxes. The facts are virtually undisputed and were succinctly stated as follows by the trial court in its memorandum opinion granting the summary judgment.

“The following material facts are not in dispute.

“Defendant Ameritrust obtained judgement against North Coast Corrugator Company Inc., et al., in the amount of $552,719.98. To dispose of the collateral securing…