United States Second Circuit
AM. BANANA CO., INC. v. REPUBLIC NAT'L BANK OF NEW YORK, N.A., 02-9442, 02-9504
A failure to reduce to writing an agreement that violates the Perishable Agricultural Commodities Act (PACA) should not result in the preservation of the PACA trust where the same agreement, if memorialized, would have resulted in forfeiture of such protection. Because plaintiffs forfeited trust protection, defendant-bank has a complete defense to PACA liability; judgment for plaintiffs is reversed.
Appellate Information
- Decided 03/11/2004
- Published 03/11/2004
Judges
- B.D. PARKER, JR., Circuit Judge., Before: VAN GRAAFEILAND, CABRANES, and B.D. PARKER, JR., Circuit Judges.
Court
- United States Second Circuit
Counsel
- For Appellees:
- Leonard Kreinces (Howard S. Rosenberg, on the brief), Kreinces & Rosenberg, P.C., Westbury, NY, for Plaintiffs-Appellants-Cross-Appellees., John P. Amato, Hahn & Hessen LLP, New York, NY, for Defendant-Third-Party Plaintiff-Appellee-Cross-Appellant.