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MANCHESTER PREMIUM v. MANCHESTER INS. & INDEM.

No. 79-1314.

612 F.2d 389 (1980)

MANCHESTER PREMIUM BUDGET CORPORATION, Appellant, v. MANCHESTER INSURANCE & INDEMNITY COMPANY, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided January 10, 1980.

Attorney(s) appearing for the Case

Gerald A. Rimmel, Susman, Schermer, Willer & Rimmel, St. Louis, Mo., for appellant; Barry S. Schermer, St. Louis, Mo., on brief.

William G. Ohlhausen, Lewis, Rice, Tucker, Allen & Chubb, St. Louis, Mo., for appellee; Richard A. Ahrens, St. Louis, Mo., on brief.

Before GIBSON, Chief Judge, and STEPHENSON and HENLEY, Circuit Judges.

FLOYD R. GIBSON, Chief Judge.

The appellant, Manchester Premium Budget Corporation (Premium), seeks a setoff on an admitted debt owing to a sister corporation. The United States District Court for the Eastern District of Missouri1 denied Premium any set-off in this diversity suit brought by Harry Jump, conservator of Manchester Insurance and Indemnity Company, to recover monies owed on a promissory...

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