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MARTIN v. FLEET NAT. BANK

Civ. A. No. 86-0233 P.

676 F.Supp. 423 (1987)

George MARTIN, Jean Martin and Martin Industries, Inc., Plaintiffs, v. FLEET NATIONAL BANK, Defendant.

United States District Court, D. Rhode Island.

December 9, 1987.

Attorney(s) appearing for the Case

Harry W. Asquith, Jr., Providence, R.I., for plaintiffs.

Richard P. McMahon, Providence, R.I., Elkan Abramowitz, New York City, for defendant.

MEMORANDUM AND ORDER

PETTINE, Senior District Judge.

In 1952, George Martin started his own business, J. Regan Steel Erection Company, Inc. In 1975, after a change in the tax structure, George Martin incorporated Martin Industries as the parent of J. Regan Steel Erection Company. By 1983 both companies had ceased doing business because of the financial devastation that hit Mr. Martin and that flowed from the facts underlying the present action before the...

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