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DE ROSA v. CHICAGO TITLE INS. CO.

No. 81-1802.

681 F.2d 66 (1982)

The Conjugal Society Composed of Juvenal Rosa, Pedro & Amador DE ROSA, Rosa, Rosario, Juvenal Rosa, Pedro & Amador De Rosa, Rosario, Individually, Plaintiffs-Appellants, v. CHICAGO TITLE INSURANCE COMPANY, First Federal Savings and Loan Association of Puerto Rico, Defendants-Appellees.

United States Court of Appeals, First Circuit.

Decided June 22, 1982.

Attorney(s) appearing for the Case

Harry Segarra Arroyo, with whom Law Office of Harvey B. Nachman, Santurce, P. R., was on brief, for plaintiffs, appellants.

Stanley R. Segal, with whom Ramirez, Segal & Latimer, San Juan, P. R., was on brief, for defendant, appellee First Federal Sav. and Loan Ass'n of Puerto Rico.

Ana Matilde Nin, with whom McConnell, Valdes, Kelley, Sifre, Griggs & Ruiz-Suria, San Juan, P. R., was on brief, for defendant, appellee Chicago Title Ins. Co.

Before COFFIN, Chief Judge, BOWNES and BREYER, Circuit Judges.

BOWNES, Circuit Judge.

This case raises the question whether a suit attacking the cancellation of a performance bond and other guaranties during the foreclosure of a mortgage arises out of a transaction "involving ... banking" within the meaning of the jurisdictional statute 12 U.S.C. § 632.1

Appellants, plaintiffs below, are Pedro Juvenal Rosa and Rosario Amador de Rosa, suing individually and as a conjugal society. They...

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