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PEOPLES WESTCHESTER SAV. BANK v. GANC

No. 87 Civ. 1803 (WCC).

705 F.Supp. 164 (1989)

PEOPLES WESTCHESTER SAVINGS BANK, Plaintiff, v. Jaime GANC and Ehrman Investment Group, Inc., Defendants.

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

January 30, 1989.

Attorney(s) appearing for the Case

Lane & Mittendorf, New York City, for plaintiff; William E. Kelly, John LoBosco, of counsel.

Jeffrey C. Carter, New York City, for defendants.

OPINION AND ORDER

WILLIAM C. CONNER, District Judge:

Plaintiff Peoples Westchester Savings Bank ("Peoples Westchester") brought this action to enforce a promissory note executed by defendant Jaime Ganc ("Ganc") as security for a loan that financed Ganc's investment in a Texas oil and gas limited partnership, Onshore Exploration Ltd. 1984 ("Onshore"). Ganc and defendant John N. Ehrman ("Ehrman"), the guarantor, contend that (1) the amount in controversy is...

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