OLD COLONY TRUST COMPANY, United Ventures, Inc., and Gabriel Powers, Plaintiffs,
v.
PENROSE INDUSTRIES CORPORATION, Wm. Penn Broadcasting Company, Redevelopment Authority of the City of Philadelphia, William H. Sylk, Harry S. Sylk, Jonas Senter, Selma Katz, Sammuel Rosenblum, Simon Rosenblum, Leon J. Obermayer, Conservator, and Walter E. Heller & Co., Inc., Defendants,
and
the Borden Company, Intervenor Defendant.
United States District Court E. D. Pennsylvania.https://leagle.com/images/logo.png
January 25, 1968.
January 25, 1968.
Attorney(s) appearing for the Case
Drinker, Biddle & Reath, by Henry W. Sawyer, III, and Walter L. Foulke, Philadelphia, Pa., for Old Colony Trust Co. and Gabriel Powers.
Howard G. Schneider, for Gabriel Powers.
Montgomery, McCracken, Walter & Rhoads, by John S. Estey and Hugh G. Moulton, Philadelphia, Pa., for United Ventures, Inc.
Wolf, Block, Schorr & Solis-Cohen, by Raymond J. Bradley and Michael L. Temin, Arlin M. Adams, Philadelphia, Pa., for William Penn Broadcasting Corp.
Michael H. Egnal, Philadelphia, Pa., and Joel H. Weinrott, Philadelphia, Pa., for William H. Sylk and Harry S. Sylk.
Josef Jaffe, Philadelphia, Pa., for Selma Katz and Samuel Rosenblum.
Alexander N. Rubin, Jr., J. Jerome Sklar, Frank E. Hahn, Jr., and Simon Pearl, Philadelphia, Pa., for the Conservator, Leon J. Obermayer.
Dilworth, Paxon, Kalish, Kohn & Levy, by William T. Coleman, Jr., Philadelphia, Pa., for Walter E. Heller & Co., Inc.
Joseph M. Field, Philadelphia, Pa., for Martin W. Field.
Israel Packel, Philadelphia, Pa., for Borden Co.
David Berger and Herbert B. Newberg, Philadelphia, Pa., for David E. Milgram.
Walter Stein, Philadelphia, Pa., for P. I. D. C. (Philadelphia Industrial Development Corp.).
United States District Court E. D. Pennsylvania.
VAN DUSEN, Circuit Judge.
SUR PLEADINGS AND PROOF UNDER COUNT II OF THE COMPLAINT
This case concerns a sale of collateral under Article 9 of the Uniform Commercial Code. It is now before the court after a non-jury trial on the issues raised in Count II of the Complaint: an action seeking a declaratory judgment1 that the plaintiffs' sale of collateral was "commercially reasonable"...
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