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VALLEY BANK & TRUST CO. v. AMERICAN UTILITIES, INC.

Civ. A. No. 75-927.

415 F.Supp. 298 (1976)

VALLEY BANK & TRUST COMPANY v. AMERICAN UTILITIES, INC.

United States District Court, E. D. Pennsylvania.

June 18, 1976.

Attorney(s) appearing for the Case

Samuel E. Dennis, Philadelphia, Pa., for plaintiff.

E. Barclay Cale, Jr., Philadelphia, Pa., for defendant.

MEMORANDUM

CLIFFORD SCOTT GREEN, District Judge.

Presently pending before the Court is plaintiff's motion for summary judgment and the defendant's response thereto. The instant action presents the issues of whether plaintiff is a holder in due course of a negotiable instrument and whether defendant has established a defense which would not entitle plaintiff to recover on the instrument. For the reasons hereinafter stated, we conclude that there does not...

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