LEASING SERV. CORP. v. FIRST TENN. BANK NAT. ASS'N

Nos. 86-5345, 86-5510.

826 F.2d 434 (1987)

LEASING SERVICE CORPORATION, Plaintiff-Appellee (86-5345), Plaintiff-Appellant (86-5510), v. FIRST TENNESSEE BANK NATIONAL ASSOCIATION, Defendant-Appellant (86-5345), Defendant-Appellee (86-5510).

United States Court of Appeals, Sixth Circuit.

Decided August 13, 1987.


Attorney(s) appearing for the Case

Stephen G. Anderson, Knoxville, Tenn., for First Tennessee Bank Nat. Assn.

Celeste H. Herbert, Egerton, McAfee, Armistead, Davis, Knoxville, Tenn., Louise S. Meller, argued, New York City, for Leasing Service Corp.

Before KEITH and NORRIS, Circuit Judges, and PECK, Senior Circuit Judge.


KEITH, Circuit Judge.

Appellant-cross appellee First Tennessee Bank National Association ("Bank") appeals the district court's grant of summary judgment in favor of appellee-cross appellant Leasing Services Corporation ("LSC"). In its ruling, the court held that LSC was the holder of a security interest, senior to the Bank's own security interest, in the collateral of Metler Crane and Rigging Co. ("Metler"). The court reasoned that the rejection by the trustee-in...

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