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IN RE G. WEEKS SECURITIES, INC.

Bankruptcy No. 79-22564, Adv. No. 80-0220.

33 B.R. 312 (1983)

In re G. WEEKS SECURITIES, INC., Debtor. Francis J. SCOTT and T. Harold Craig, Co-Trustees for G. Weeks Securities, Inc., Plaintiffs, v. SAN DIEGO NAVY FEDERAL CREDIT UNION, Defendant.

United States Bankruptcy Court, W.D. Tennessee, W.D.

September 23, 1983.

Attorney(s) appearing for the Case

Bruce Kramer and Martin Aussenberg, Memphis, Tenn., for plaintiffs.

Blanchard E. Tual, Memphis, Tenn., Mark A. Saxon, San Diego, Cal., for defendant.

MEMORANDUM OPINION AND ORDER

WILLIAM B. LEFFLER, Bankruptcy Judge.

I

In this Chapter 11 proceeding the Co-Trustees of the debtor, G. Weeks Securities, Inc. (hereinafter "plaintiffs"), filed a complaint against the defendant, San Diego Navy Federal Credit Union. The complaint alleges that the defendant breached a standby contract by failing to take delivery of Two Million Dollars ($2,000,000.00) of Government National Mortgage Association eight...

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