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GORDON v. U.S. DEPT. OF TREASURY

Civ. No. B-86-3354.

668 F.Supp. 483 (1987)

James A. GORDON, Special Deputy State Insurance Commissioner of Maryland and Receiver, Eastern Indemnity Company of Maryland in Receivership v. UNITED STATES DEPARTMENT OF the TREASURY, W.E. Douglas, Commissioner, United States Department of the Treasury, Fiscal Service.

United States District Court, D. Maryland.

August 31, 1987.

Attorney(s) appearing for the Case

Paul W. Grimm, David D. Gilliss, Baltimore, Md., for plaintiff.

Robert N. McDonald, Asst. U.S. Atty., Baltimore, Md., J. Christopher Kohn, Sandra P. Spooner, Washington, D.C., for defendants.

WALTER E. BLACK, JR., District Judge.

This case presents for resolution the always problematic situation that arises when a company lapses into insolvency and there is simply not enough money to satisfy each of the outstretched hands. The complexity of this insolvency is compounded by the existence of private as well as government creditors and a conflict in state and federal priority statutes. Whether the general rule of governmental priority shall apply to the facts...

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