In conjunction with issuing proposed findings of fact and conclusions of law on the parties' cross-motions for summary judgment regarding negligence claims, the court also finally determined a priority dispute between two lenders. The court found that a lender that filed a financing statement months before the second lender entered into a security agreement with the debtor and disbursed the funds maintained priority over the second lender despite an indexing error that caused the second lender to disburse funds without knowledge that it was not a first-priority secured creditor.
Judge:
Date:
Thursday, March 9, 2017