R. Glen FENSTERMACHER, Appellant, v. PHILADELPHIA NATIONAL BANK and Carson Investment Company
Court of Appeals for the Third Circuit
1Opinion of the Court
OPINION OF THE COURT
BIGGS, Circuit Judge.
The controversy sub judice arose from an attempt by appellee, Philadelphia National Bank [PNB], to sell 21,600 registered shares of Fidelity National Bank of Pennsylvania held as collateral on a loan. 1 In furtherance of its plan to sell the collateral, PNB sent notices soliciting bids to a list of possible purchasers, including appellant R. Glen Fenster-macher. 2 The shares were sold, however, to appellee, Carson Investment Company [CICO] other than pursuant to the announced bidding procedure.
Fenstermacher, as high bidder, commenced this action in the…
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- Fed. Sec. L. Rep. P 93,947 Dean Walling v. Beverly Enterprises, a California CorporationCourt of Appeals for the Ninth Circuit · 1973
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