NAT. CREDIT UNION ADMIN. BD. v. CONCORD LIMO., INC.

No. CV 94-815.

872 F.Supp. 1174 (1995)

NATIONAL CREDIT UNION ADMINISTRATION BOARD as liquidating agent for Amalgamated Taxi Federal Credit Union, Plaintiff, v. CONCORD LIMOUSINE, INC. and Concord Two Way Radio, Inc., Defendants.

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

January 9, 1995.


Attorney(s) appearing for the Case

Heller & Rosenberg, P.C., Garden City, NY (Darren T. Kaplan, of counsel), for plaintiff.

Michael Aizin, Brooklyn, NY, for defendants.


MEMORANDUM AND ORDER

NICKERSON, District Judge:

On August 17, 1990 the National Credit Union Administration Board (the "Board") declared Amalgamated Taxi Federal Credit Union ("Amalgamated") insolvent and appointed itself as liquidating agent.

The Board as Liquidating Agent for Amalgamated ("plaintiff") brought this action under 12 U.S.C. § 1789(a)(2) alleging that defendants fraudulently induced Amalgamated to make certain loans and failed...

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