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ERNST v. DEPOSITORS ECONOMIC PROTECTION CORP.

Civ. A. No. 93-0400B.

862 F.Supp. 709 (1994)

ERNST & YOUNG v. DEPOSITORS ECONOMIC PROTECTION CORPORATION, et al.

United States District Court, D. Rhode Island.

June 3, 1994.

Attorney(s) appearing for the Case

John E. Bulman, Peter J. McGinn, Tillinghast, Collins & Graham, Providence, RI, Jerome G. Snider, Washington, DC, and Daniel F. Kolb, Davis, Polk & Wardwell, New York City, for plaintiff.

Leonard Decof, Decof & Grimm, Providence, RI, for defendants.

MEMORANDUM AND ORDER

FRANCIS J. BOYLE, Senior District Judge.

Plaintiff, Ernst & Young, Inc. ("E & Y") brought this action for declaratory relief, asking this Court to declare R.I.GEN.LAW 42-116-40 unconstitutional. The statute purports to limit contribution rights of tortfeasors liable in suits brought by a public corporation, the Depositors Economic Protection Corporation ("DEPCO"). The defendants, DEPCO, Governor Bruce Sundlun ("Sundlun...

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