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CHEMICAL BANK v. BARRON

No. 86 Civ. 1172 (RLC).

663 F.Supp. 367 (1987)

CHEMICAL BANK, Petitioner, v. William M. BARRON, Telewide Systems, Inc., and Bernard L. Schubert, Respondents.

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

May 22, 1987.

Attorney(s) appearing for the Case

Harold Weisblatt, New York City (Thomas J. O'Connor, of counsel), for petitioner.

Walter, Conston & Schurtman, P.C., New York City (William M. Barron, of counsel), for respondents.

OPINION

ROBERT L. CARTER, District Judge.

Chemical Bank ("the Bank") petitioned the court for judgment against William M. Barron as Receiver for Telewide Systems, Inc. ("Telewide") and its president and sole shareholder, Bernard L. Schubert. According to the petition, the Bank is a secured creditor of Telewide and Schubert by virtue of a promissory note in the principal amount of $100,000, executed by Telewide...

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