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D.M ROTHMAN & CO. v. KOREA COMMERCIAL BANK OF NY

Nos. 03-7247(L), 03-7325(XAP).

411 F.3d 90 (2005)

D.M. ROTHMAN & CO., INC., Havana Potato Corp., J.B.C. Produce, Inc., Jacobson Produce, Inc., Tomatoes, Inc., Lee-Loi Industry, Inc., Leef-Brandt Produce, Inc., Loi Potato Co., Inc., Megna Fruit, Inc., Trucco, Inc., Plaintiffs, Square Produce, Inc., Costa & Harris, Inc., D'Arrigo Brothers Company of New York, Inc., E. Armata, Inc., Finest Fruit, Inc., Fireman Produce Exchange, Inc., G & B Produce, Inc., Craig-Ann Produce, Inc., H Schnell & Co., Inc., Hunts Point Tomato Co., Inc., Kleinman & Hochberg, Inc., Kornblum & Co., Inc., Krisp-Pak Sales Corp., L & K Tomatoes, Inc., Wishnatzki & Nathel, Inc., L & P Fruit, Corp., Vita-Wellbrock-Kearney, Inc., M & R Tomato Distributors; M. Striks & Son, Inc., Morris Okun, Inc., R & C Comunale, Rubin Bros. Co., Inc., Albee Tomato, Inc., M & R Trading Co., Inc., Plaintiffs-Appellants-Cross-Appellees, v. KOREA COMMERCIAL BANK OF NEW YORK, Defendant-Appellee-Cross-Appellant, A.B. Shalom Produce, Young Ok Fruit & Groceries Corp., RNK Grocery, Inc., Ryung Cil Yi, doing business as RNK Produce, Defendants.

United States Court of Appeals, Second Circuit.

Decided June 6, 2005.

Attorney(s) appearing for the Case

Leonard Kreinces, Kreinces & Rosenberg (Howard S. Rosenberg, on the brief), Westbury, NY, for Plaintiffs-Appellants-Cross-Appellees.

Christoph C. Heisenberg, Winston & Strawn, New York, NY, for Defendant-Appellee-Cross-Appellant.

Before: WALKER, Chief Judge, JACOBS and WESLEY, Circuit Judges.

JOHN M. WALKER, JR., Chief Judge.

This case presents the final installment in a trilogy of recent appeals involving the Perishable Agricultural Commodities Act ("PACA"), 7 U.S.C. § 499a, et seq., a statutory regime that gives growers and sellers of perishable produce priority interests in the assets of the brokers and dealers who purchase their goods on credit by imposing a statutory trust on the perishable goods...

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