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USX CORP. v. PRIME LEASING INC.

No. 92-3414.

988 F.2d 433 (1993)

USX CORPORATION, Appellant, v. PRIME LEASING INC. v. Robert L. CLARKE, United States Comptroller of the Currency, The Federal Deposit Insurance Corporation, The Deposit Insurance Bridge Bank, N.A. and Bank One, Texas, N.A.

United States Court of Appeals, Third Circuit.

Decided March 5, 1993.

Attorney(s) appearing for the Case

Eric A. Schaffer (argued), Sean M. Coleman, Reed Smith Shaw & McClay, Pittsburgh, PA, for appellant.

Charles F. Bennett (argued), Apple & Apple, P.C., Pittsburgh, PA, George D. Maurides, Bishoff, Maurides & Swabowski, Chicago, IL, for appellee.

Before: GREENBERG and ROTH, Circuit Judges, and VanARTSDALEN, District Judge.

OPINION OF THE COURT

GREENBERG, Circuit Judge.

I.

BACKGROUND

USX Corporation appeals the district court's grant of summary judgment to Prime Leasing, Inc. on all three counts of USX's complaint. USX's predecessor, USX Credit Corporation,1 had made a loan to Prime for the purchase of telecommunications equipment that Prime had leased to MBank Alamo of San Antonio, Texas. MBank later was declared insolvent,...

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