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F.D.I.C. v. BETANCOURT

No. 91 Civ. 5287 (DNE).

865 F.Supp. 1035 (1994)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff, v. Jose BETANCOURT and Renewal Arts Supply Corporation, Defendants.

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

October 17, 1994.

Attorney(s) appearing for the Case

Satterlee Stephens Burke & Burke, New York City (Daniel G. Gurfein, Jan R. Uhrbach, of counsel), for plaintiff.

Brian M. Limmer, Merrick, NY, for defendants.

OPINION & ORDER

EDELSTEIN, District Judge:

Plaintiff, the Federal Deposit Insurance Corporation ("FDIC"), brings this action to recover the balance due on two promissory notes that were issued by defendants, Jose Betancourt ("Betancourt") and Renewal Arts Supply Corporation ("Renewal"), in March, 1990. Plaintiff moves for summary judgment, pursuant to Federal Rule of Civil Procedure 56, and defendants cross-move for summary judgment.

BACKGROUND...

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