PRUDENTIAL INVESTMENT MANAGEMENT SERVICES LLC v. FORDE

No. 12 Civ. 5168 (LAP).

PRUDENTIAL INVESTMENT MANAGEMENT SERVICES LLC and PRUDENTIAL BANK & TRUST, FSB, Plaintiffs, v. MICHAEL FORDE, et al., Defendants.

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

June 24, 2013.


Attorney(s) appearing for the Case

Prudential Investment Management Services LLC, Interpleader Plaintiff, represented by Hillary Richard , Brune & Richard LLP, David Elbaum , Brune & Richard LLP & Matthew Popowsky , Brune & Richard LLP.

Prudential Bank & Trust, FSB, Interpleader Plaintiff, represented by Hillary Richard , Brune & Richard LLP, David Elbaum , Brune & Richard LLP & Matthew Popowsky , Brune & Richard LLP.

Michael J. Forde, Interpleader Defendant, represented by Dino J. Lombardi , Lombardi & Salerno PLLC. & Laure Salerno , Lombardi & Salerno PLLC.

The New York City District Council of Carpenters Annuity Fund, Interpleader Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Frank G. Spencer, Interpleader Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

John Ballantyne, Interpleader Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Douglas J. McCarron, Interpleader Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Paul Tyznar, Interpleader Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Bryan M. Winter, Interpleader Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

John DeLollis, Interpleader Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Catherine Condon, Interpleader Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

David T. Meberg, Interpleader Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Paul O'Brien, Interpleader Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Kevin O'Callaghan, Interpleader Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Mary J. Forde, Interpleader Defendant, represented by Dino J. Lombardi , Lombardi & Salerno PLLC. & Laure Salerno , Lombardi & Salerno PLLC.

Mary J. Forde, Cross Claimant, represented by Dino J. Lombardi , Lombardi & Salerno PLLC. & Laure Salerno , Lombardi & Salerno PLLC.

Michael J. Forde, Cross Claimant, represented by Dino J. Lombardi , Lombardi & Salerno PLLC. & Laure Salerno , Lombardi & Salerno PLLC.

The New York City District Council of Carpenters Annuity Fund, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Bryan M. Winter, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Frank G. Spencer, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Douglas J. McCarron, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

John DeLollis, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Paul O'Brien, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

David T. Meberg, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

John Ballantyne, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Paul Tyznar, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Kevin O'Callaghan, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Catherine Condon, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Mary J. Forde, Counter Claimant, represented by Dino J. Lombardi , Lombardi & Salerno PLLC. & Laure Salerno , Lombardi & Salerno PLLC.

Michael J. Forde, Counter Claimant, represented by Dino J. Lombardi , Lombardi & Salerno PLLC. & Laure Salerno , Lombardi & Salerno PLLC.

Prudential Bank & Trust, FSB, Counter Defendant, represented by Hillary Richard , Brune & Richard LLP, David Elbaum , Brune & Richard LLP & Matthew Popowsky , Brune & Richard LLP.

Prudential Investment Management Services LLC, Counter Defendant, represented by Hillary Richard , Brune & Richard LLP, David Elbaum , Brune & Richard LLP & Matthew Popowsky , Brune & Richard LLP.

Mary J. Forde, Cross Claimant, represented by Dino J. Lombardi , Lombardi & Salerno PLLC. & Laure Salerno , Lombardi & Salerno PLLC.

Michael J. Forde, Cross Claimant, represented by Dino J. Lombardi , Lombardi & Salerno PLLC. & Laure Salerno , Lombardi & Salerno PLLC.

Paul O'Brien, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Bryan M. Winter, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Frank G. Spencer, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Douglas J. McCarron, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Paul Tyznar, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

The New York City District Council of Carpenters Annuity Fund, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Prudential Investment Management Services LLC, Cross Defendant, represented by Hillary Richard , Brune & Richard LLP, David Elbaum , Brune & Richard LLP & Matthew Popowsky , Brune & Richard LLP.

John Ballantyne, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Kevin O'Callaghan, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Catherine Condon, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

David T. Meberg, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Prudential Bank & Trust, FSB, Cross Defendant, represented by Hillary Richard , Brune & Richard LLP, David Elbaum , Brune & Richard LLP & Matthew Popowsky , Brune & Richard LLP.

John DeLollis, Cross Defendant, represented by George Peter Clark, JR., , Kauff McGuire & Margolis LLP.

Mary J. Forde, Counter Claimant, represented by Dino J. Lombardi , Lombardi & Salerno PLLC. & Laure Salerno , Lombardi & Salerno PLLC.

Michael J. Forde, Counter Claimant, represented by Dino J. Lombardi , Lombardi & Salerno PLLC. & Laure Salerno , Lombardi & Salerno PLLC.

Prudential Investment Management Services LLC, Counter Defendant, represented by Hillary Richard , Brune & Richard LLP, David Elbaum , Brune & Richard LLP & Matthew Popowsky , Brune & Richard LLP.


MEMORANDUM & ORDER

LORETTA A. PRESKA, Chief District Judge.

Plaintiffs Prudential Investment Management Services LLC and Prudential Bank & Trust, FSB (collectively, "Plaintiffs" or "Prudential") filed this interpleader action for the purpose of obtaining adjudication of the rights of certain claimants with respect to their claims of entitlement to certain assets held in an IRA ("Disputed Assets") in the custody or possession of Prudential. The Disputed...

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