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SPS TECHNOLOGIES, INC. v. BAKER MATERIAL HANDLING CORP.

Civ. A. No. 92-4976.

153 B.R. 148 (1993)

SPS TECHNOLOGIES, INC. v. BAKER MATERIAL HANDLING CORPORATION.

United States District Court, E.D. Pennsylvania.

March 29, 1993.

Attorney(s) appearing for the Case

Natalie D. Ramsey, Montgomery, McCracken, Walker & Rhoads, Philadelphia, PA, for plaintiff.

John E. Iole, Jones, Day, Reavis & Pogue, Pittsburgh, PA, R. Matthew Martin, Jones, Day, Reavis & Pogue, Atlanta, GA, for defendant.

MEMORANDUM

DALZELL, District Judge.

SPS Technologies, Inc. ("SPS") filed this action against Baker Material Handling Corporation ("Baker") seeking to collect an $114,929.58 account receivable (the "Baker Receivable") that Baker owed to a third party, E.C. Campbell, Inc. ("ECC"). SPS, a secured creditor of ECC, levied on the account on October 11, 1991, but when ECC filed for Chapter 11 bankruptcy about three weeks later, Baker paid the receivable...

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