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GIRARD BANK v. JOHN HANCOCK MUT. LIFE INS. CO.

Civ. A. No. 79-4676.

524 F.Supp. 884 (1981)

GIRARD BANK v. JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY and Connecticut General Life Insurance Company.

United States District Court, E. D. Pennsylvania.

September 1, 1981.

Attorney(s) appearing for the Case

Arthur E. Newbold, IV, Amy B. Ginensky, Philadelphia, Pa., for plaintiff.

E. Barclay Cale, Jr., Jacqueline V. Prior, Philadelphia, Pa., for defendants.

MEMORANDUM AND ORDER

BECHTLE, District Judge.

In this diversity action, Girard Bank ("Girard") brought suit seeking specific performance of an agreement by John Hancock Mutual Life Insurance Company ("John Hancock") and Connecticut General Life Insurance Company ("Connecticut General") to pay $6,494,200.00 to Girard in exchange for certain Conditional Sale Agreements and security interests in railroad boxcars. John Hancock and Connecticut General counterclaimed...

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