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FEDERAL DEPOSIT INS. CORP. v. STATE OF N.Y.

No. 88 Civ. 1864 (JES).

718 F.Supp. 191 (1989)

FEDERAL DEPOSIT INSURANCE CORP., Plaintiff, v. STATE OF NEW YORK and City of New York, Defendants.

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

July 31, 1989.

Attorney(s) appearing for the Case

Thacher Proffitt & Wood, New York City, for plaintiff; Joel B. Harris, David G. Greene, John F. Finetti, of counsel.

Robert Abrams, Atty. Gen. State of N.Y., New York City, for defendant, State of N.Y.; Frederic L. Lieberman, Rosalie J. Hronsky, Asst. Attys. Gen., of counsel.

Peter L. Zimroth, Corp. Counsel of City of New York, New York City, for defendant, City of New York; Gale Zareko, Stanley Buchsbaum, Asst. Corp. Counsel, of counsel.

Hughes, Hubbard & Reed, New York City, for amici curiae; David R. Tillinghast, Merrikay S. Hall, Mary Anne Mayo, of counsel.

OPINION AND ORDER

SPRIZZO, District Judge:

The Federal Deposit Insurance Corporation ("FDIC") brings this action for declaratory and injunctive relief pursuant to 28 U.S.C. § 1345 (1982) against the State of New York ("State") and the City of New York ("City").1 The FDIC has moved for summary judgment and the State and City have cross-moved for judgment on the pleadings or in the alternative for summary judgment. For the...

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