STERLING NAT. BANK & TRUST CO. v. SOUTHWIRE CO.

No. 82-8246.

713 F.2d 684 (1983)

STERLING NATIONAL BANK & TRUST COMPANY OF NEW YORK, Plaintiff-Appellee, v. SOUTHWIRE COMPANY, Defendant-Appellant.

United States Court of Appeals, Eleventh Circuit.

Rehearing and Rehearing Denied October 3, 1983.


Attorney(s) appearing for the Case

Gambrell & Russell, Atlanta, Ga., James H. Bratton, Jr., John G. Despriet, Jane Childs Carr, for defendant-appellant.

Jones, Bird & Howell, Robert H. Walling, Atlanta, Ga., for plaintiff-appellee.

Before HATCHETT and CLARK, Circuit Judges, and SCOTT, District Judge.


Rehearing and Rehearing En Banc Denied October 3, 1983.

PER CURIAM:

On September 8, 1977, Sterling National Bank advanced $3,989,696.66 to Metric International, Inc., a dealer in copper and other metals; later, Sterling periodically advanced Metric other funds. In return, Metric granted Sterling a broad security interest in the metals it dealt. The coverage of this perfected interest ranged from raw materials to goods in process, to finished goods and proceeds...

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