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LNC Investments v. First Fidelity Bank Appeal by Scribd Government Docs is a document available to read on EtoBox.

This document summarizes a court case between bondholders (LNC Investments and Charter National Life Insurance) and trustees (First Fidelity Bank, United Jersey Bank, and National Westminster Bank). The bondholders owned bonds issued by a trust to purchase aircraft from Eastern Airlines, with the aircraft serving as collateral. When Eastern declared bankruptcy in 1989, the automatic bankruptcy stay prevented the trustees from taking possession of the aircraft collateral. The bondholders alleged the trustees

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Scribd Government Docs

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EN