Per-Co, Ltd. v. Great Lakes Factors, Inc.

ORDER

JAMES G. CARR, Chief Judge.

This suit for declaratory and other relief involves conflicting claims to the assets of Great Lake Factors, Inc. [Factors], a factoring business presently in bankruptcy. The principal parties to the dispute are the RFC Banking Company, which is a successor to the Peoples Banking Company [jointly, the “bank”], and entities owned or controlled by James Perry [Perry],

The dispositive issues are: 1) whether Factors obtained all or substantially all of the assets of Great Lakes Funding, Inc. [Funding], also a factoring business, to which the bank had extended a…