F.D.I.C. v. WISSEL & SONS CONST. CO., INC.

Civ. A. No. 94-6307 (AJL).

881 F.Supp. 119 (1995)

FEDERAL DEPOSIT INSURANCE CORPORATION as Receiver for The Howard Savings Bank, Plaintiff, v. WISSEL & SONS CONSTRUCTION CO., INC., Conrad Wissel, III, Randolph Wissel, Conrad James Wissel, Blackstone Co., Inc., the State of New Jersey, and Carmen J. Maggio, in his capacity as chapter 7 trustee of the bankruptcy estates of Wissel & Sons Construction Co., Inc. and Conrad Wissel, III & Beatrice Wissel, Defendants.

United States District Court, D. New Jersey.

March 13, 1995.


Attorney(s) appearing for the Case

Stephen V. Falanga, Raymond T. Lyons, Jr., Peter J. Pizzi, Connell, Foley & Geiser, Roseland, NJ, for plaintiff F.D.I.C. in its capacity as receiver for Howard Sav. Bank.

Catharine A. Vaughan, Vincent E. Reilly, McElroy, Deutsch & Mulvaney, Morristown, NJ, for Carmen J. Maggio, trustee on behalf of defendants Wissel & Sons Const. Co., Inc. and Conrad Wissel, III and Beatrice Wissel.


OPINION

LECHNER, District Judge.

This is a foreclosure action brought by the Federal Deposit Insurance Corporation (the "FDIC") as receiver for The Howard Savings Bank ("Howard Savings") against defendants Wissel & Sons Construction Co., Inc. ("Wissel Contracting"), Conrad Wissel, III, Randolph Wissel, Conrad James Wissel, Blackstone Co., Inc., the State of New Jersey (collectively, the "Defendants") and Carmen J. Maggio, in his capacity as chapter 7...

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