Ninth Circuit interprets UCC § 9-319(a) to permit avoidance of consignor’s interest in proceeds of an unperfected consignment.
Sixth Circuit distinguishes between a trustee’s powers as a bona fide purchaser compared to a hypothetical judicial lienholder.
A divided panel of the Sixth Circuit holds that Section 106 does not waive sovereign immunity for Indian tribes.
First Circuit reverses, upholding the validity of bondholders’ security interests in $2.9 billion of collateral.