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FUTURE WAYS, INC. v. ODIORNE

No. 88 Civ. 2969 (PKL).

697 F.Supp. 1339 (1988)

FUTURE WAYS, INC., Plaintiff, v. James T. ODIORNE as receiver for Commercial Standard Insurance Company, In Liquidation, Defendant.

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

November 1, 1988.

Attorney(s) appearing for the Case

Kroll & Tract, New York City (Donald Joseph Cayea, of counsel), for plaintiff.

Stanley K. Shapiro, New York City, for defendant.

ORDER AND OPINION

LEISURE, District Judge:

Future Ways, Inc. ("Future Ways") brought suit against the statutory liquidator, James T. Odiorne, of Commercial Standard Insurance Company ("CSIC"), an insolvent insurance company, seeking to recover on a $300,000 default judgment rendered against the San Angelo Foundry and Machine Company ("San Angelo Foundry"), an insured of CSIC.

In the underlying action...

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