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GENERAL STATE AUTHORITY (OF PA.) v. AETNA CAS. & SUR. CO.

No. 68 Civ. 363 D.N.E.

314 F.Supp. 422 (1970)

The GENERAL STATE AUTHORITY (OF PENNSYLVANIA) for the Benefit of CROMPTON-RICHMOND CO., INC., FACTORS, Plaintiff, v. AETNA CASUALTY AND SURETY COMPANY, Defendant.

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

June 17, 1970.

Attorney(s) appearing for the Case

Hahn, Hessen Margolis & Ryan, New York City, for plaintiff.

Lawrence W. McKeown, Mineola, for defendant.

OPINION

EDELSTEIN, District Judge.

This is a diversity action against the defendant insurance company on a performance bond. Under the terms of the bond Aetna Casualty, ("Aetna"), as surety, and Frank M. Sheesley & Co., Inc., ("Sheesley"), as principal, guarantee the Pennsylvania General State Authority the faithful performance of a contract pursuant to which Sheesley was to construct a women's dormitory...

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