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SEA FOODS CO. LTD. v. O.M. FOODS CO. LTD.

Nos. B184687, B190151.

58 Cal.Rptr.3d 700 (2007)

150 Cal.App.4th 769

SEA FOODS COMPANY LIMITED, Plaintiff and Respondent, v. O.M. FOODS COMPANY, LIMITED, Defendant; Red Chamber Co., Objector and Appellant. Red Chamber Co., Plaintiff and Appellant, v. Sea Foods Company Limited, Defendant and Respondent.

Court of Appeal of California, Second District, Division Three.

As Modified May 23, 2007.

Attorney(s) appearing for the Case

Reed Smith, James C. Martin and Margaret M. Grignon, San Francisco,; David L. Prince, Los Angeles; Jeffer Mangels Butler & Marmaro, Neil C. Erickson and Jessica C. Bromall, Los Angeles, for Plaintiff and Appellant and Objector and Appellant.

Loeb & Loeb, Lance N. Jurich and Benjamin R. King, Los Angeles, for Plaintiff and Respondent and Defendant and Respondent.

CROSKEY, J.

When Asian shrimp exporter O.M. Foods ("OM") went bankrupt, Red Chamber Co., a California importer, was in possession of shrimp it had received on consignment from OM. Once Red Chamber had sold the shrimp, three different entities sought the $3.6 million proceeds: (1) Cooperatieve Centrale Raiffeisen-Boerleenbank, B.A. ("Rabobank"), a bank which had funded OM's operations, to whom OM was in debt; (2) Bank...

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