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BROSE v. INTERNATIONAL FIDELITY INS. CO.

Civ. A. No. 81-1599.

547 F.Supp. 149 (1982)

E. Jerome BROSE and Karl K. LaBarr, Jr., Assignee in Trust of First Valley Bank v. INTERNATIONAL FIDELITY INSURANCE COMPANY.

United States District Court, E. D. Pennsylvania.

September 16, 1982.

Attorney(s) appearing for the Case

E. Jerome Brose, Easton, Pa., pro se.

Robert F. Cushman, C. J. Rillo and D. W. Worrell, Philadelphia, Pa., for Intern. Fid. Ins.

Dawn MacPhee, Asst. U. S. Atty., Philadelphia, Pa., for U.S.A.

MEMORANDUM AND ORDER

TROUTMAN, District Judge.

A perfected security agreement between E. Jerome Brose and Karl L. LaBarr, Jr., as assignees in trust for the First Valley Bank (plaintiffs) and Horlacher Brewing Company (Horlacher) gave plaintiffs priority over all liens which might be asserted against Horlacher. Pursuant to the agreement, Horlacher received six hundred thousand dollars ($600,000.00) from plaintiffs who collateralized the loan with rights...

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