Worldcom, Inc. v. General Electric Global Asset Management Services (In Re Worldcom, Inc.)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that the factors are “characterized as not sufficient alone to establish that a security interest has been created” (emphasis added)
• concluding the \majority of courts and commentators have agreed that the principal inquiry [of the facts of each case] is 'whether the lessor has retained a meaningful reversionary interest in the goods.’ \
• “If the lessor does not possess a meaningful reversionary interest, the lessor has no interest in the economic value or remaining useful life of the goods, and therefore the lessor transferred title to the goods, in substance if not in form.”

Source: CourtListener parenthetical corpus (CC0).