INDUSTRIAL BANK, N.A. v. U.S.

Civil Action No. 07-291 (RMC).

583 F.Supp.2d 44 (2008)

INDUSTRIAL BANK, N.A., Plaintiff, v. UNITED STATES, et al., Defendants.

United States District Court, District of Columbia.

October 16, 2008.


Attorney(s) appearing for the Case

Alan M. Grochal, Toyja Eran Libia Kelley, Tydings & Rosenberg, LLP, Baltimore, MD, for Plaintiff.

Benjamin J. Weir, U.S. Department of Justice, Washington, DC, for Defendants.


MEMORANDUM OPINION

ROSEMARY M. COLLYER, District Judge.

In this case, a creditor and the Internal Revenue Service battle over who holds a superior interest in certain settlement monies. Industrial Bank, N.A. brought this suit against the United States and the Commissioner of the IRS seeking a declaratory judgment that it has the superior claim to approximately $160,000 in monies from a settlement agreement between the Small Business Administration and Nexgen...

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