JCB Inc. v. Union Planters Bank
Aug
26
2008
Ruling
Bank's seizure and sale of estate property in which manufacturer has a senior purchase money security interest was done with willful and reckless disregard for confirmation order.
Procedural posture
Appellee manufacturer sued appellant bank in the District Court for the Eastern District of Missouri for trespass and conversion. The district court referred certain issues to a bankruptcy court, which granted partial summary judgment for the manufacturer. A jury then reached a verdict in favor of the manufacturer for compensatory and punitive damages. The bank appealed.
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Court
:
Judge or Jurisdiction information not available