RESOLUTION TRUST CORP. v. MOSKOWITZ

Civ. A. No. 93-2080.

868 F.Supp. 634 (1994)

RESOLUTION TRUST CORPORATION, in its capacity as Receiver of United Savings Bank, F.S.B., Plaintiff, v. Donald J. MOSKOWITZ, et al., Defendants.

United States District Court, D. New Jersey.

October 13, 1994.


Attorney(s) appearing for the Case

Daniel Kinburn, Williams, Caliri, Miller & Otley, Wayne, NJ, for plaintiff Resolution Trust Co.

Edward N. Fitzpatrick, Clapp & Eisenberg, Newark, NJ, for defendant Moskowitz.

Laurence B. Orloff, Orloff, Lowenbach, Stifelman & Siegel, Roseland, NJ, for defendant Kramer.

Peter Bray, Bray, Chiocca, Rappaport & Rothstadt, Wayne, NJ, for defendant Koch.

W. Hunt Dumont, III, Robinson, St. John & Wayne, Newark, NJ, for defendant Wolff.

Chet Preston, Paterson, NJ, for defendant Kessler.

Stephen P. Del Mauro, Sauer & Del Mauro, E. Rutherford, NJ and Leonard Rosenstein, Hurley & Vasios, Short Hills, NJ, for defendant Vernon.

Joseph T. Afflitto, Sr., Diamond, Afflitto & Raimondi, Wayne, NJ, for defendant Ackerman.

John J. Byrne, III, Cornwell & Byrne, Wayne, NJ, for defendant Greenberg.

Robert A. Carmen, Parker, Chapen, Flattau & Klimpl, New York City, for defendants Dorfman, Abrams, Music & Co.

Evelyn A. Donegan, Tompkins, McGuire & Wachenfeld, Newark, NJ, for defendants Dorfman, Abrams, Music & Co., Ruitenberg, Ebner, McKinley, Harraka & Goldberg.

Paulette Pitt, Hayden, Perle & Silber, Weehawken, NJ, for defendant Biber.

Russell S. Burnside, Schneider, Nardone, Burnside & Jemas, Newark, NJ, for defendant Weiss.

Stanley M. Brand, Brand & Lowell, Washington, DC and Thomas J. Herten, Herten, Burstein, Sheridan & Cevasco, Hackensack, NJ, for defendants Schotz and Salzberg.

Karen Buerle, Hoagland, Longo, Moran, Dunst & Doukas, New Brunswick, NJ, for defendants Sciro, Marotta and Sciro & Marotta.

Charles A. Rizzi, Jr., Capehart & Scatchard, Mt. Laurel, NJ, for defendant B.K. Appraisal Services, Inc.

Andrew L. Liput, Hartman, Buhrman & Winnicki, Paramus, NJ, for defendant Rudd.

John P. Belardo, Krugman, Chapnick & Grimshaw, Saddle Brook, NJ, for defendant Zimel.

Nancy McDonald, McElroy, Deutsch & Mulvaney, Morristown, NJ, for defendant Fidelity & Deposit Co. of Maryland.

Gary Mizzone, Mizzone, Filko & Mizzone, W. Paterson, NJ, for defendant Giordani.

Steve Funk, Ross, Dixon & Masback, Washington, DC and Jacqueline Greenberg, Siff Rosen, Newark, NJ, for third-party defendant American Cas. Co. of Reading, PA.


OPINION

WOLIN, District Judge.

Pending before this Court is the motion of the Resolution Trust Corporation ("RTC") for reconsideration of this Court's order dated August 31, 1994, granting partial summary judgment to Fidelity and Deposit Corp. ("F & D"). For the reasons stated below, the Court will deny in part and grant in part the RTC motion.

BACKGROUND

This action concerns the closing and liquidation of United Savings Bank...

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