(Download) "Westgate-California Corp. v. First National Finance Corp." by Ninth Circuit United States Court of Appeals # eBook PDF Kindle ePub Free
eBook details
- Title: Westgate-California Corp. v. First National Finance Corp.
- Author : Ninth Circuit United States Court of Appeals
- Release Date : January 13, 1981
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 71 KB
Description
First National Finance Corporation nF appeals the judgment of the United States District Court for the Southern District of California granting the motion for summary judgment brought by the trustees in bankruptcy for Westgate-California Corporation. The order disallowed FNF's claims numbered 73 and 203, and subordinated all of FNF's related claims against and equity interests in the debtor. FNF is entirely owned by J. A. Smith. Smith is the brother of C. Arnholt Smith, who formerly controlled Westgate and its numerous subsidiaries, and who was convicted of fraud in connection with his operation of those companies. FNF had many business dealings with Westgate and with C. Arnholt Smith's now defunct United States National Bank (USNB). Claims 73 and 203 arise out of this close relationship.