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MATTER OF LEGEL, BRASWELL GOVERNMENT SECURITIES CORP.

No. 80-5325.

648 F.2d 321 (1981)

In the Matter of LEGEL, BRASWELL GOVERNMENT SECURITIES CORP., Bankrupt. WESTCHESTER COUNTY SAVINGS AND LOAN ASSOCIATION, Plaintiff-Appellant, v. LEGEL, BRASWELL GOVERNMENT SECURITIES CORP., et al., Defendants-Appellees. IRVING TRUST COMPANY, Plaintiff-Appellee, v. WESTCHESTER COUNTY SAVINGS AND LOAN ASSOCIATION, Defendant-Appellant.

United States Court of Appeals, Fifth Circuit. Unit B

June 18, 1981.

Attorney(s) appearing for the Case

Mershon, Sawyer, Johnston, Dunwody & Cole, Timothy J. Norris, Miami, Fla., for plaintiff-appellant.

Wakefield, Hewitt & Webster, Robert G. Hewitt, Miami, Fla., for Trustee.

Britton, Cohen, Kaufman, Benson & Schantz, John L. Britton, Miami, Fla., for Irving Trust Co.

Stroock, Stroock & Lavan, Roy H. Carlin, New York City, for Irving Trust.

Before FRANK M. JOHNSON, Jr., HENDERSON and ANDERSON, Circuit Judges.

FRANK M. JOHNSON, Jr., Circuit Judge:

Appellant Westchester County Savings and Loan Association ("Westchester") appeals from the district court's order affirming two bankruptcy court orders and final judgments granting appellee Irving Trust Company's ("Irving Trust") motion for summary judgment. The orders of the courts below established Irving Trust's prior and superior rights as a bona fide purchaser to the proceeds from the sale of two Government National Mortgage...

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