SHARON STEEL CORP. v. CHASE MANHATTAN BANK, N. A.

Nos. 720, 926, 1152, 1153, 1154 and 1155, Dockets 81-7664, 81-7682, 81-7674, 81-7692, 81-7694 and 81-7702.

691 F.2d 1039 (1982)

SHARON STEEL CORPORATION, Plaintiff-Appellant-Cross Appellee, v. The CHASE MANHATTAN BANK, N.A., and Manufacturers Hanover Trust Company, Defendants-Appellees-Cross Appellants. MANUFACTURERS HANOVER TRUST COMPANY, Third-Party Plaintiff-Appellee-Cross Appellant, v. UV INDUSTRIES, INC., Third-Party Defendant-Appellant-Cross Appellee. CONNECTICUT MUTUAL LIFE INSURANCE COMPANY, et al., Intervenors-Appellees-Cross Appellants, v. SHARON STEEL CORPORATION, Plaintiff-Appellant-Cross Appellee, and UV Industries, Inc., Third-Party Defendant-Appellant-Cross Appellee. UNION PLANTERS NATIONAL BANK OF MEMPHIS, as Trustee, Plaintiff-Appellee-Cross Appellant, v. UV INDUSTRIES, INC. and David Finkelstein, Arthur R. Gralla, Martin Horwitz, Edwin Jacobson, Theodore W. Kheel, and Paul Kolton, as Trustees of the UV Industries, Inc. Liquidating Trust, Defendants-Appellants-Cross Appellees, and Sharon Steel Corporation, Defendant-Appellant-Cross Appellee.

United States Court of Appeals, Second Circuit.

Decided September 28, 1982.

Certiorari Denied February 28, 1983.


Attorney(s) appearing for the Case

Arnold Bauman, New York City (W. Foster Wollen, Stephen A. Oxman, Francis X. Markey, Robert J. Hausen, William J. F. Roll, III, Charles M. Lizza, Shearman & Sterling, New York City, of counsel), for Sharon Steel Corp.

Bruce A. Hecker, New York City (Ronald H. Alenstein, Ronald D. Lefton, Shea & Gould, New York City, of counsel), for UV Industries, Inc. and the Trustees of the UV Industries, Inc. Liquidating Trust.

Frank H. Wohl, New York City (Nadia C. Adler, Steven F. Miller, Lee A. Barkan, Rosenman Colin Freund Lewis & Cohen, New York City of counsel), for Connecticut Mut. Life Ins. Co., et al.

Robert C. Myers, New York City (Dewey, Ballantine, Bushby, Palmer & Wood, New York City, of counsel) for The Chase Manhattan Bank, N.A.

Robert Ehrenbard, William A. Krohley, Edward Roberts, III, Paul Lubetkin, Kelly, Drye & Warren, New York City, for Manufacturers Hanover Trust Co.

Donovan, Lesiure, Newton & Irvine, New York City, for Union Planters Nat. Bank of Memphis.

Before FEINBERG, Chief Judge, and NEWMAN and WINTER, Circuit Judges.


Certiorari Denied February 28, 1983. See 103 S.Ct. 1253.

RALPH K. WINTER, Circuit Judge:

This is an appeal by Sharon Steel Corp. ("Sharon") and UV Industries, Inc. ("UV"), trustees of the UV Liquidating Trust (collectively the "UV Defendants") from grants of a directed verdict and summary judgment by the United States District Court for the Southern District of New York (Henry F. Werker, Judge) in favor of...

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