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FEDERAL DEPOSIT INS. CORP. v. SCHUHMACHER

No. 80 CV 414 (ERN).

660 F.Supp. 6 (1984)

FEDERAL DEPOSIT INSURANCE CORP., Plaintiff, v. Maria SCHUHMACHER, Defendant.

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

December 7, 1984.

Attorney(s) appearing for the Case

Kaye, Scholer, Fierman, Hays & Handler, New York City, for plaintiff by Phillip A. Geraci.

Joseph W. Ryan, Jr., Mineola, N.Y., for defendant.

MEMORANDUM OF DECISION AND ORDER

NEAHER, District Judge.

This case is before the Court upon cross-motions for summary judgment. The motions concern the liability of defendant as an asserted guarantor for the balance plus interest of a demand promissory note which plaintiff obtained as the receiver of the insolvent Franklin National Bank (FNB).

The following facts are not in dispute. Defendant and her husband, Willy Schuhmacher, were employees of...

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