OPINION
GARRITY, District Judge.
This is a diversity action brought under the Declaratory Judgments Act, 28 U.S.C. § 2201. The matter is presently before the court on crossmotions for summary judgment. At issue are the rights to unpaid contract balances and retainages in the hands of an owner at the time of default by a contractor. The plaintiff, American Casualty Company ("the Surety"), claims the funds in question under the doctrine of equitable subrogation...
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