From our private database of 15,100+ case briefs...

National Peregrine, Inc. v. Capitol Federal Savings and Loan Association of Denver

United States District Court for the Central District of California
116 B.R. 194 (1990)


National Peregrine, Inc. (NPI) (plaintiff) received a $6 million line of credit from Capitol Federal Savings and Loan Association of Denver (Capitol) (defendant). The line of credit was secured by NPI’s film-library inventory, including all equipment, documents related to the inventory, and copyrights held by NPI. To perfect its security interest in the contents of the library and the copyrights, Capitol filed UCC-1 financing statements pursuant to Uniform Commercial Code (UCC) requirements in California, Colorado, and Utah. Capitol did not, however, record its security interest with the United States Copyright Office (USCO). NPI filed for bankruptcy and then brought a complaint against Capitol, arguing that Capitol’s interests in the copyrights remained unperfected because of Capitol’s failure to record its interest with the USCO. NPI and Capitol both filed for partial summary judgment on the issue of whether Capitol’s security interest in NPI’s copyrights was valid. The bankruptcy court ruled in Capitol’s favor. NPI appealed.

Rule of Law


Holding and Reasoning (Kozinski, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 288,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 15,100 briefs, keyed to 205 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.