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U.S. v. VANGUARD INV. CO., INC.

No. 92-2376.

6 F.3d 222 (1993)

UNITED STATES of America, Small Business Administration, Plaintiff-Appellee, Truduax Corporation, Claimant-Appellant, v. VANGUARD INVESTMENT COMPANY, INC., Defendant.

United States Court of Appeals, Fourth Circuit.

Decided October 4, 1993.

Attorney(s) appearing for the Case

Ben Hill Sirmons, Jr., Frazier, Frazier & Mahler, Greensboro, NC, argued (Torin L. Fury, on brief), for claimant-appellant.

Mark William Vita, Chief Counsel, SBIC Claims and Commercial Transactions, U.S. Small Business Admin., Washington, DC, argued, for plaintiff-appellee.

Before RUSSELL and PHILLIPS, Circuit Judges, and BUTZNER, Senior Circuit Judge.

OPINION

PHILLIPS, Circuit Judge:

Trudaux Corporation (Trudaux) appeals from an order granting summary judgment against it and for the Small Business Administration (SBA) as receiver for Vanguard Investment Company. Vanguard is a corporation being wound up on order of the district court pursuant to the relevant provision of the Small Business Investment Act (SBIA), 15 U.S.C. §§ 687c. In the claims filing...

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