IN RE JULIEN CO.

Bankruptcy No. 90-20283-B (mjn), Adv. Nos. 90-0066, 90-0065 and 90-0074.

136 B.R. 784 (1992)

In re The JULIEN COMPANY, Debtor. SUNFLOWER COMPRESS; Holmes Bonded Compress; Deer Creek Compress; Tensas Warehouse, Inc.; and Rayville Compress & Warehouse Cooperative, Plaintiffs, v. The JULIEN COMPANY, Debtor; 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. SWEDEN GIN COMPANY WAREHOUSE, INC.; and D.B. Griffin Warehouse, Inc., Plaintiffs, v. The JULIEN COMPANY, Debtor; Jack F. Marlow, Trustee; and Institutional Lenders, Defendants. SOUTHERN COMPRESS CO.; Staple Cotton Cooperative Association, d/b/a Staplcotn; and Greenville Compress Company, Plaintiffs, v. The JULIEN COMPANY, Debtor; 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 BTCo.

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.

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

Charles T. Swayze, Jr., James Y. Dale, Greenwood, Miss., for Sunflower Compress, Holmes Bonded Compress, Deer Creek Compress, Tensas Warehouse, Inc., Rayville Compress & Warehouse Co-op, Sweden Gin Co. Warehouse, D.B. Griffin Warehouse, Inc., Southern Compress Co., Staple Cotton Co-op Ass'n, and Greenville Compress Co.

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.


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. At issue is whether the plaintiff-warehousemen ("plaintiffs") hold general liens on the proceeds of cotton which was in their possession at the time The Julien Company's...

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