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GRUET v. F.D.I.C.

Civ. A. No. 94-30107-MAP.

879 F.Supp. 153 (1995)

Elaine GRUET, Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Liquidating Agent of Boston Trade Bank, Defendant.

United States District Court, D. Massachusetts.

March 23, 1995.

Attorney(s) appearing for the Case

Kevin M. Walkowski, Paul S. Doherty, Doherty, Wallace, Pillsbury & Murphy, Springfield, MA, for plaintiff.

Paul K. Flavin, Steven D. Frank, Flavin & Jubinville, Milton, MA, for defendant.

MEMORANDUM REGARDING CROSS-MOTIONS FOR SUMMARY JUDGMENT

PONSOR, District Judge.

I. INTRODUCTION

In 1987, plaintiff Elaine Gruet executed a personal guaranty on a loan made by the Boston Trade Bank (the "Bank") to Kahn Converters, Inc. ("Kahn"). The Bank's assets were subsequently transferred to defendant Federal Deposit Insurance Corporation ("FDIC"). After Kahn defaulted on its obligation, the FDIC sued Gruet for default on her personal...

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