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GRAYSON v. BANK OF LITTLE ROCK

No. 98-149.

971 S.W.2d 788 (1998)

334 Ark. 180

Keith L. GRAYSON and Grayson & Grayson, P.A., Appellants, v. BANK OF LITTLE ROCK, Appellee.

Supreme Court of Arkansas.

July 9, 1998.

Attorney(s) appearing for the Case

Keith L. Grayson, Leslie H. Herrington, North Little Rock, for Appellant.

J.R. Buzbee, Little Rock, for Appellee.

THORNTON, Justice.

The principal question in this case is whether an attorney is liable for conversion for distributing the cash proceeds of a settlement agreement, which was subject to a security interest, when the secured party neither obtained a writ of garnishment nor an order of delivery. The appellants, Keith Grayson and Grayson & Grayson, P.A., were the attorneys for American Eagle Contracting Corporation (AECC) in a Chapter 11 bankruptcy proceeding. The...

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