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MASON & DIXON LINES, INC. v. FIRST NAT. BANK OF BOSTON

Nos. 88-3109, 88-3110 and 88-3118.

883 F.2d 2 (1989)

The MASON & DIXON LINES, INC.; Central Transport, Inc.; GLS Leasco, Inc., Plaintiffs-Appellants, v. The FIRST NATIONAL BANK OF BOSTON, Defendant-Appellee. (Two Cases) The MASON & DIXON LINES, INC.; Central Transport, Inc.; GLS Leasco, Inc., Plaintiffs-Appellees, v. The FIRST NATIONAL BANK OF BOSTON, Defendant-Appellant.

United States Court of Appeals, Fourth Circuit.

Decided August 16, 1989.

Attorney(s) appearing for the Case

Michael A. Nedelman (Patrick A. Moran, Scott A. Steinhoff, Simpson & Moran, Birmingham, Mich., on brief), for plaintiffs-appellants.

Joseph Lieb Kociubes (John C. Solomon, Bingham, Dana & Gould, Boston, Mass., Rayford K. Adams, III, Tuggle, Duggins, Meschan & Elrod, P.A., Greensboro, N.C., on brief), for defendant-appellee.

Before CHAPMAN and WILKINS, Circuit Judges, and HAYNSWORTH, Senior Circuit Judge.

HAYNSWORTH, Senior Circuit Judge:

This case arose out of a proceeding in bankruptcy in which the debtor, Mason & Dixon Lines, sought to avoid a large portion of a $18,000,000 loan it had received or to have that portion of the loan declared unsecured. The district court, 86 B.R. 476, affirmed the bankruptcy court's rejection of Mason & Dixon's claim, and Mason & Dixon appeals to this court.

We affirm.

I...

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