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K.A.O.P. CO. v. MIDWAY NAT. BANK OF ST. PAUL

No. C7-85-32.

372 N.W.2d 774 (1985)

K.A.O.P. COMPANY, Respondent, v. MIDWAY NATIONAL BANK OF ST. PAUL, et al., Appellants.

Court of Appeals of Minnesota.

August 13, 1985.

Attorney(s) appearing for the Case

Jan Stuurmans, Stuurmans & Karan, P.A., Minneapolis, for respondent.

John M. Mulligan, Mulligan & Bjornnes, Minneapolis, for appellants.

Heard, considered and decided by RANDALL, P.J., and WOZNIAK and LANSING, JJ.

OPINION

LANSING, Judge.

This case arises because attorney James F. McGovern granted security interests in the attorney's fees he anticipated receiving from his law firm's participation in the Corrugated Container anti-trust litigation to different secured parties: first to Charles Engelson and ultimately to Engelson's lender, the Midway National Bank, and second to K.A.O.P. Co. The trial court ruled that K.A.O.P. is entitled to priority because it filed...

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