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TAYLOR WOODROW PLC v. BLITMAN

No. 83 Civ. 6899 (LFM).

603 F.Supp. 1152 (1985)

TAYLOR WOODROW PLC f/k/a Taylor Woodrow Limited, Plaintiff, v. Bernice BLITMAN and Nathan Blitman, as Co-Personal Representatives under the Last Will and Testament of Charles H. Blitman, deceased, and Howard N. Blitman, Defendants.

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

March 5, 1985.

Attorney(s) appearing for the Case

Lowenthal, Landau, Fischer & Ziegler, P.C. by Lawrence L. Ginsburg, New York City, for plaintiff.

Spengler Carlson Gubar Brodsky & Frischling by Clinton W. Walker, New York City, for defendant Howard N. Blitman.

OPINION

MacMAHON, District Judge.

Plaintiff moves, pursuant to Rule 56, Fed.R.Civ.P., for summary judgment against defendant Howard N. Blitman.

In 1968, plaintiff Taylor Woodrow plc. owned 50% of the common stock of Blitman Construction Company ("BCC"), and defendants Charles and Howard Blitman owned the remaining 50% of BCC's common stock. In November 1968, plaintiff provided a $1 million letter of credit to Travelers Indemnity Company ("Travelers...

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