STANDARD WIRE & CABLE CO. v. AMERITRUST CORP.

No. CV 87-1630-AAH (Kx).

697 F.Supp. 368 (1988)

STANDARD WIRE & CABLE CO., a California corporation, Dickran Hampikian, Betty A. Hampikian, Russell J. Skrable and Jerrilyn Skrable, Plaintiffs, v. AMERITRUST CORPORATION, a corporation; Ameritrust Company National Association, a corporation; AT Commercial Corporation, a corporation; Associates Corporation of North America, a corporation; and Associates Commercial Corporation, a Delaware corporation, Defendants. AMERITRUST CORPORATION, a corporation, Counterclaimant, v. STANDARD WIRE & CABLE CO., a California corporation, Dikran Hampikian, Russell J. Skrable, Betty A. Hampikian, and Jerrilyn Skrable, Counterdefendants. ASSOCIATES COMMERCIAL CORPORATION, a Delaware corporation, and Associates Corporation of North America, a corporation, Counterclaimants, v. STANDARD WIRE & CABLE CO., a California corporation, Dikran Hampikian, Russell J. Skrable, Betty A. Hampikian, and Jerrilyn Skrable, Counterdefendants.

United States District Court, C.D. California.

September 22, 1988.


Attorney(s) appearing for the Case

Gary D. Stabile, Mullen & Stabile, Manhattan Beach, Cal., for plaintiffs.

Richard J. Stone, Geoffrey L. Bryan, Milbank, Tweed, Hadley & McCloy, Los Angeles, Cal., for AmeriTrust Corp., AmeriTrust Nat. Ass'n and AT Commercial Corp.

Gregory A. Long, Natalie Naftzger Davis, Mark D. Larsen, Sheppard, Mullin, Richter & Hampton, Los Angeles, Cal., for Associates Commercial Corp. and Associates Corp. of North America.


OPINION AND ORDER RE: DEFENDANTS' PRE-TRIAL MOTIONS

HAUK, Senior District Judge.

INTRODUCTION

Standard Wire & Cable Co. ("Standard") is a wholesale supplier of wire and cable products. In August 1984, Standard obtained a secured line of credit loan from defendant Associates Commercial Corp. ("Associates"). This loan was subsequently assumed by AmeriTrust Corp. ("AmeriTrust"), when it purchased the Business Loans Division of Associates in July...

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