TUXEDO BEACH CLUB CORP. v. CITY FEDERAL SAV. BANK

Civ. A. No. 89-5215.

729 F.Supp. 1508 (1990)

TUXEDO BEACH CLUB CORPORATION and Edmund C. Wideman, III, Plaintiffs, v. CITY FEDERAL SAVINGS BANK, in receivership, Resolution Trust Corporation as Receiver, Defendant.

United States District Court, D. New Jersey.

February 9, 1990.


Attorney(s) appearing for the Case

Horn, Kaplan, Goldberg, Gorny & Daniels, P.C., Atlantic City, N.J. by Mark Soifer, for plaintiffs.

Cassidy, Foss & Filippo, Redbank, N.J. by Kathleen A. Sheedy, for defendant.


OPINION

COHEN, Senior District Judge:

This breach of contract case comes before the court on a motion for a stay by defendant, City Federal Savings Bank, against plaintiffs, Tuxedo Beach Club Corporation and Edmund C. Wideman, III.

Defendant is a financial institution subject to the provisions in the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA). P.L. No. 101-73, 1989 U.S.Code Cong. & Admin.News (103 Stat.) 183...

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