CROCKER NAT. BANK v. IDECO DIV. OF DRESSER INDUST.

Civ. A. No. H-83-2988.

660 F.Supp. 186 (1987)

CROCKER NATIONAL BANK, Plaintiff, and T.O.S. Industries, Inc., Intervenor, v. IDECO DIVISION OF DRESSER INDUSTRIES, INC., Defendant.

United States District Court, S.D. Texas, Houston Division.

April 29, 1987.


Attorney(s) appearing for the Case

Arlen Driscoll, Atty. in Charge, Gilpin, Maynard, Parsons, Pohl & Bennett, Houston, Tex., for plaintiff.

Stephen R. Kirklin, Kirklin, Boudreaux & Joseph, Houston, Tex., for intervenor.

James R. O'Donnell, Butler & Binion, Houston, Tex., for defendant.


MEMORANDUM

HUGHES, District Judge.

TOS Industries, Inc., agreed to buy six drilling rigs from the Ideco Division of Dresser Industries, Inc. Before the six rigs were delivered, TOS told Ideco that it would be unable to pay for them, and Ideco kept the rigs. Crocker National Bank had a security interest in all after-acquired inventory of TOS.

Crocker and TOS contend that (1) TOS acquired title to the drilling...

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