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FEDERAL DEPOSIT INS. CORP. v. BALISTRERI

No. 76-C-600.

470 F.Supp. 752 (1979)

FEDERAL DEPOSIT INSURANCE CORPORATION, a United States Corporation, Plaintiff, v. Lawrence S. BALISTRERI, Defendant.

United States District Court, E. D. Wisconsin.

May 31, 1979.

Attorney(s) appearing for the Case

John W. Hein, Gibbs, Roper, Loots & Williams, Milwaukee, Wis., for plaintiff.

Henry G. Piano, Milwaukee, Wis., for defendant.

MEMORANDUM AND ORDER

ROBERT W. WARREN, District Judge.

The above-captioned case is a note collection action being prosecuted by the Federal Deposit Insurance Corporation (FDIC) as receiver for the American City Bank & Trust Company (American). The note in question was drawn in favor of American on April 4, 1975 in the principal sum of $156,305.01. The proceeds of the note were not distributed to defendant but were instead used to discharge defendant...

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