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Bank’s UCC Liens Trump Wage Claims in Federal Receivership

Michael L. Weissman

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In a federal court receivership in the United States District Court for the District of Kansas, reported in 514 F. Supp 3d 1310 (January 25, 2021), the contestants were a bank with unpaid loans due from R.F. Fisher Holdings and G & G Leasing and the International Brotherhood of Electrical Workers Local 124 representing employees with wage claims that were not paid when the borrowers ceased operations.

The case was a battle between the bank and the IBEW over the relative priority o…

About the Author
Michael L. Weissman
Counsel, Levin & Ginsburg Ltd.
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