IN RE JULIEN CO.

Bankruptcy No. 90-20283-B(mjn), Adv. Nos. 90-0051, 90-0065, 90-0066, 90-0138 to 90-0142, 90-0144, 90-0145 and 90-0250.

136 B.R. 765 (1992)

In re The JULIEN COMPANY, Debtor. BLUEBONNET WAREHOUSE CORPORATION, Plaintiff, v. The JULIEN COMPANY; Jack F. Marlow, Trustee; Bankers Trust Company; Bank Mees & Hope, N.V.; Bank One, Texas, N.A.; Amsterdam-Rotterdam Bank, N.V.; French American Banking Corporation; Bayerische Vereinsbank A.G. (Union Bank of Bavaria) New York Branch and Team Bank, (Hereinafter "Institutional Lenders"), Defendants. TEXAS COMPRESS AND WAREHOUSE CORPORATION; North Plains Compress; Corpus Christi Public Compress; National Diversified Company; Tri County Warehouse Company; Sweetwater Compress, Inc., Plaintiffs, v. The JULIEN COMPANY; Jack F. Marlow, Trustee; and Institutional Lenders, Defendants. FRANKLIN COTTON WAREHOUSE, Plaintiff, v. The JULIEN COMPANY; Jack F. Marlow, Trustee; and Institutional Lenders, Defendants. DELTA CO-OP COMPRESS AND WAREHOUSE, Plaintiff, v. The JULIEN COMPANY; Jack F. Marlow, Trustee; and Institutional Lenders, Defendants. PLAINVIEW CO-OP COMPRESS, INC., Plaintiff, v. The JULIEN COMPANY; Jack F. Marlow, Trustee; and Institutional Lenders, Defendants. GULF COMPRESS, Plaintiff, v. The JULIEN COMPANY; Jack F. Marlow, Trustee; and Institutional Lenders, Defendants. FARMERS COOPERATIVE COMPRESS, Plaintiff, v. The JULIEN COMPANY; Jack F. Marlow, Trustee; and Institutional Lenders, Defendants. TAYLOR COMPRESS, A DIVISION OF TEXAS COTTON GROWERS COOPERATIVE ASSOCIATION, Plaintiff, v. The JULIEN COMPANY; Jack F. Marlow, Trustee; and Institutional Lenders, Defendants. LEVELLAND COMPRESS COMPANY, INC., Plaintiff, v. The JULIEN COMPANY; Jack F. Marlow, Trustee; and Institutional Lenders, Defendants. The TRINITY COMPANY and West Texas Industries, Inc., Plaintiff, v. The JULIEN COMPANY; Jack F. Marlow, Trustee; and Institutional Lenders, Defendants. POSTEX WAREHOUSE, Plaintiff, v. The JULIEN COMPANY; Jack F. Marlow, Trustee; and Institutional Lenders, Defendants.

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

February 14, 1992.


Attorney(s) appearing for the Case

William J. Landers, Memphis, Tenn., for Bankers Trust Co.

John L. Ryder, Apperson, Crump, Duzane & Maxwell, Memphis, Tenn., for Amsterdam-Rotterdam Bank, N.V.

Jack F. Marlow, Chapter 11 Trustee, Memphis, Tenn.

J. David Blaylock, Memphis, Tenn., for trustee.

Julie C. Chinn, Asst. U.S. Trustee, Memphis, Tenn.

Charles T. Swayze, Jr., James Y. Dale, Greenwood, Miss., for Franklin Cotton Warehouse, Texas Compress and Warehouse, North Plains Compress, Corpus Christi Public Compress, Nat. Diversified Co., Tri County Warehouse Co., Sweetwater Compress, Inc. and Bluebonnet Warehouse.

Greg Teeter, Law Offices of Jack McClendon, Lubbock, Tex., for Levelland Compress Co., Inc.

Douglas W. Wilkerson, Wilkerson & Stafford, Dyersburg, Tenn., for Team Bank.

James F. Gleason, Jr., Hertzog, Calamari, Gleason, New York City, for Bayerische Vereinsbank A.G.

Barry Radick, Risa M. Rosenberg, Milbank, Tweed, Eadley & McCloy, New York City, for Bank Mees & Hope, N.V.

William J. Lowy, Mudge, Rose, Guthrie, Alexander & Ferdon, New York City, for French American Banking Corp.

Deborah J. Greer, Robert C. Wolter, Corpus Christi, Tex., for Delta Co-op Compress & Warehouse, Plainview Co-op Compress, Inc., Gulf Compress, Farmers Co-op Compress and Taylor Compress.

Tommy J. Swann, McClesky, Harringer, Brazill & Graf, Lubbock, Tex., for the Trinity Co. and West Texas Industries, Inc.

Robert W. St. Clair, Curry, Curry & Robinson, Lubbock, Tex., for Postex Warehouse.

C. Wade Cooper, Jackson & Walker, Dallas, Tex., for Bank One, Texas, N.A.


MEMORANDUM OPINION AND ORDER ON CROSS MOTIONS FOR PARTIAL SUMMARY JUDGMENT

WILLIAM H. BROWN, Bankruptcy Judge.

These proceedings1 are before the Court on cross motions for partial summary judgment filed by the above named parties to these adversary proceedings. Essentially, at issue is whether the plaintiff-warehousemen ("plaintiffs") hold general liens on the proceeds of cotton which...

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