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FALCONBRIDGE U.S. v. BANK ONE IL., N.A.,

No. 99 C 2714.

240 B.R. 733 (1999)

FALCONBRIDGE U.S., INC., Plaintiff, v. BANK ONE ILLINOIS, N.A., Defendant.

United States District Court, N.D. Illinois, Eastern Division.

November 4, 1999.

Attorney(s) appearing for the Case

David T. Rallo, Charles Frank Vihon, Arnstein & Lehr, Chicago, IL, for appellant.

Richard Scott Alesterda, Ungaretti & Harris Chicago, IL, for appellee.

MEMORANDUM OPINION AND ORDER

BUCKLO, District Judge.

This case involves a priority dispute about a security interest. Falconbridge U.S., Inc. ("Falconbridge") had a valid perfected purchase money security interest, created in 1994, in some nickel products it delivered to Vic Supply ("Vic"), the debtor here, as well as the proceeds and products thereof. The nickel products were sold and resulted in accounts receivable. Bank One (formerly First Chicago...

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