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VOLKSWAGEN CREDIT, INC. v. FIRST AMERICAN BANK

Civil Action No. H-95-4347.

957 F.Supp. 103 (1997)

VOLKSWAGEN CREDIT, INC., Plaintiff, v. FIRST AMERICAN BANK, Defendant.

United States District Court, S.D. Texas.

April 8, 1997.

Attorney(s) appearing for the Case

Donald L. Turbyfill, Houston, TX, for Plaintiff.

Jeffrey Lloyd Joyce, Houston, TX, for Defendant.

Opinion on Attorneys' Fees

HUGHES, District Judge.

1. Introduction.

VW Credit sued First American Bank for conversion, negligence, debt, and fraud because the bank had taken an independent security interest in a dealer's inventory that conflicted with VW Credit's blanket inventory security interest. The bank counter-sued for a declaratory judgment that its interest in the collateral and proceeds was superior to VW Credit's interest. The...

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