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CEDRONE v. UNITY SAV. ASS'N

Civ. A. Nos. 82-0811, 82-2838 and 82-4856.

609 F.Supp. 250 (1985)

Frank M. CEDRONE, Trading As "Sugarloaf Associates," a Limited Partnership v. UNITY SAVINGS ASSOCIATION, An Illinois Corporation v. The TITLE INSURANCE CORPORATION OF PENNSYLVANIA. Frank M. CEDRONE, Trading As "Sugarloaf Associates," a Limited Partnership v. TALMAN HOME FEDERAL SAVINGS & LOAN ASSOCIATION v. The TITLE INSURANCE CORPORATION OF PENNSYLVANIA. AMERICAN BANK & TRUST COMPANY v. TALMAN HOME FEDERAL SAVINGS & LOAN ASSOCIATION v. The TITLE INSURANCE CORPORATION OF PENNSYLVANIA.

United States District Court, E.D. Pennsylvania.

May 21, 1985.

Attorney(s) appearing for the Case

Joseph A. Coffey, Jr., Lawrence A. Katz, Philadelphia, Pa., for Cedrone.

Kathleen Milsark, Harvey Bartle, III, Philadelphia, Pa., for Unity & Talman.

E. Gerald Donnelly, Jr., Philadelphia, Pa., for Title Ins. Corp.

Joseph M. Hankins, Philadelphia, Pa., for American Bank.

CLIFFORD SCOTT GREEN, District Judge.

I

These related cases concern an aborted real estate transaction. The transaction was to include the sale of, and financing construction on, 3,500 acres of partially developed land in the Luzerne and Schuylkill counties of Northeastern Pennsylvania. A part of the land was owned by American Bank and Trust Company of Pennsylvania ("American Bank"). A second part was owned by Unity Savings and Loan Association ("Unity"...

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