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ZIONS FIRST NAT. BANK, N/A v. UNITED HEALTH CLUBS

Civ. A. Nos. 80-2060, 80-3283.

533 F.Supp. 1127 (1982)

ZIONS FIRST NATIONAL BANK, N/A v. UNITED HEALTH CLUBS, INC., Chu Liquidating Corp. and Financial Enterprises of America, Inc. UNITED HEALTH CLUBS, INC. v. ZIONS FIRST NATIONAL BANK, N/A Chu Liquidating Corp.

United States District Court, E. D. Pennsylvania.

March 5, 1982.

Attorney(s) appearing for the Case

John L. Jenkins, Philadelphia, Pa., for Zions First Nat. Bank, N/A.

Robert W. Maris, Philadelphia, Pa., for United Health Clubs, Inc., Chu Liquidating Corp. and Financial Enterprises of America, Inc.

SUR PLEADINGS AND PROOF

LUONGO, District Judge.

These consolidated diversity actions involve the validity of a leasehold mortgage given to Zions First National Bank (Zions) by CHU Liquidating Corporation, formerly United Health Clubs, Inc. (hereinafter referred to as Old United), as security for a debt owed to Zions by Financial Enterprises of America, Inc. (FEA), the parent corporation of Old United. Upon FEA's and Old United's default in payment on the...

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