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IN RE LANCASTER STEEL CO.

Bankruptcy No. 98-24711-BKC-PGH. Adversary No. 99-2226-BKS-PGH.

284 B.R. 152 (2002)

In re LANCASTER STEEL CO., Inc., Debtor. Barclay's Bank PLC, Appellant, v. Dresdner Bank Lateinamerika A.G., Appellee.

United States District Court, S.D. Florida.

Order denying rehearing September 3, 2002.

Attorney(s) appearing for the Case

Edward Maurice Mullins, Gregory Stewart Grossman, Astigarraga, Davis, Mullins & Grossman, Miami, FL, for Barclays Bank, PLC.

Gary Michael Carman, Broad & Cassel, Miami, FL, for Dresdner Bank Lateinamerika, AG, fka Deutsch-Suedamerikanische Bank, AG.

ORDER REVERSING BANKRUPTCY COURT'S ORDER GRANTING SUMMARY JUDGMENT

HURLEY, District Judge.

THIS CAUSE comes before the court upon appellant Barclays Bank's appeal of the bankruptcy court's order entering summary judgment in favor of the appellee, Dresdner Bank, stating that certain "excess" funds drawn down by a beneficiary of a letter of credit are the property of Dresdner, and not the bankruptcy estate. Upon review of the appellate...

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