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Ring v. First Niagra Bank (In re Sterling United Inc.)

Ruling: 
Convoluted collateral description in series of UCC filings was not "seriously misleading" with respect to trustee and was not grounds for avoidance.
Issue: 
Whether a needlessly convoluted description of collateral in a succession of U.C.C. financing statements causes a claim of security to fail as "seriously misleading" under N.Y. U.C.C. Law § 9-506.
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Commercial case opionion summary, case decided on October 03,2014, LexisNexis #1014-129