Wawel Savings Bank v. Jersey Tractor Trailer Training, Inc. , No. 08-3471 - U.S. Third Circuit
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Wawel Savings Bank v. Jersey Tractor Trailer Training, Inc. , No. 08-3471

District court's judgment is affirmed to the extent it affirms the Bankruptcy Court's determination that Wawel did not waive its security interest in JTTT's accounts receivable.  District court's holding that Yale did not act in good faith and therefore cannot be a holder in due course or a purchaser of instruments is vacated and remanded.  

Read Wawel Savings Bank v. Jersey Tractor Trailer Training, Inc. , No. 08-3471

Appellate Information

On Appeal from the United States District Court for the District of New Jersey (D.C. Civil No. 07-cv-05853)

District Judge: Honorable Mary L. Cooper

Argued June 26, 2009
Opinion Filed September 1, 2009

Judges

Before: Barry, Smith, Circuit Judges, and DuBois, District Judge.
Opinion by Circuit Judge Barry

Counsel

Counsel for Appellant: Cory M. Gray, Greenberg Traurig  

Counsel for Appellee: Thomas P. Monahan, Jr.,