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FIRST FIDELITY BANK v. COMPANHIA DE NAVEGACAO

No. 84 Civ. 8761 (GLG).

637 F.Supp. 1182 (1986)

FIRST FIDELITY BANK N.A. NEW JERSEY, As Successor to First National State Bank, Plaintiff, v. COMPANHIA DE NAVEGACAO MARITIMA NETUMAR, Defendant.

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

July 9, 1986.

Attorney(s) appearing for the Case

McHugh & O'Conor, New York City, for plaintiff; Richard E. Meyer, of counsel.

Olwine, Connelly, Chase, O'Donnell & Weyher, New York City, for defendant; William K. Dodds, Renato C. Giallorenzi, of counsel.

MEMORANDUM DECISION

GOETTEL, District Judge.

Plaintiff First Fidelity Bank N.A. New Jersey brings this action as assignee of the accounts receivable of Sealand Terminal Corp. ("Sealand"), a stevedoring company that filed for bankruptcy in May 1984. Sealand was itself the successor in interest to United Terminals, Inc. ("United"). By order of the United States Bankruptcy Court for the District of New Jersey, the plaintiff was authorized and empowered to institute...

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