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FEDERAL DEPOSIT INS. CORP. v. KUANG HSUNG CHUANG

No. 85 CIV. 7468 (SWK).

690 F.Supp. 192 (1988)

FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver of Golden Pacific National Bank, Plaintiff, v. KUANG HSUNG CHUANG, et al., Defendants.

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

May 9, 1988.

Attorney(s) appearing for the Case

Kaye, Scholer, Fierman, Hays & Handler, New York City by Barry Wilmer, for plaintiff.

Damadeo & Demartin, Hicksville, N.Y., for defendants 67 Hudson Street Corp. and T & C Realty Co.

Donald R. Schechter, P.C., Forest Hills, N.Y., for defendants Nepz Progress Plastics, Inc., T & C Realty Co., Prospect Polymer, Inc., Chiu Sui Teng, and Ya Jung Teng, as administratrix of the decedent's estate of Chiu Sui Teng.

MEMORANDUM OPINION AND ORDER

KRAM, District Judge.

The Federal Deposit Insurance Corporation ("FDIC") brings this action as receiver of the Golden Pacific National Bank ("Bank") in an attempt to recover assets from a variety of corporations and individuals who allegedly owe funds to the Bank either as borrowers or guarantors. Plaintiff has invoked this Court's jurisdiction pursuant to 12 U.S.C. § 1819 and 28 U.S.C. § 1345, and jurisdiction is not...

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