TRAVELERS INDEM. CO. v. FIRST NAT. STATE BANK OF N.J.

Civ. A. No. 292-68.

328 F.Supp. 208 (1971)

The TRAVELERS INDEMNITY COMPANY, a body corporate, Plaintiff, Martin C. Mareiniss, James E. Masterson, and Joseph F. Walsh, as Co-Trustees in the pending Chapter XI Proceedings of Carnell Construction Corp., Intervening Plaintiffs, v. The FIRST NATIONAL STATE BANK OF NEW JERSEY, a national banking corporation, and Robert C. Weaver, Secretary of Housing and Urban Development, an Executive Department of the United States of America, Defendants.

United States District Court, D. New Jersey.

June 16, 1971.


Attorney(s) appearing for the Case

Lum, Biunno & Tompkins, by Charles Hoens, Jr., Newark, N. J., for Travelers Indemnity Co.

Martin C. Mareiniss, James E. Masterson, Joseph F. Walsh, by John J. Bracken, Newark, N. J., cotrustees for Carnell Const. Corp.

Bertram M. Light, Jr., Newark, N. J., for First Nat. State Bank of New Jersey.

Herbert J. Stern, U. S. Atty., by Carolyn N. Arch, Asst. U. S. Atty., for Secretary of Housing and Urban Development.


OPINION

WORTENDYKE, District Judge:

Upon appropriate cross motions for summary judgment and upon a written stipulation of facts entered into by counsel for the respective parties, the claims between the parties have been submitted to the Court and decision thereon reserved at the conclusion of the oral arguments on the motions. Since that stipulation has been filed only a brief review of the facts will be necessary. This case involves the same housing project...

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