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FEDERAL DEPOSIT INS. CORP. v. ARCADIA MARINE, INC.

No. 84 CIV. 8280 (PKL).

642 F.Supp. 1157 (1986)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff, v. ARCADIA MARINE, INC. and Juan C. Villanueva, Defendants.

United States District Court, S.D. New York.

September 10, 1986.

Attorney(s) appearing for the Case

Atkinson, Dean & Dana, New York City, for plaintiff; William J. Dean, of counsel.

Levine, Hoffman & Crispo, New York City, for defendants; Pasquale J. Crispo, of counsel.

OPINION AND ORDER

LEISURE, District Judge:

Plaintiff, the Federal Deposit Insurance Corporation ("FDIC") has brought suit against defendants Arcadia Marine, Inc. ("Arcadia") and its President, Juan Villanueva ("Villanueva"), to secure repayment of the balance of a loan made to Arcadia by the Pan American National Bank ("Pan Am Bank") and guaranteed by Villanueva. This Court has subject matter jurisdiction over plaintiff's action pursuant to 12 U.S.C. §...

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