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NATIONAL UNION FIRE INS. CO. v. FRASCH

No. 89 Civ. 2210 (LLS).

751 F.Supp. 1075 (1990)

NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Plaintiff, v. Dwayne A. FRASCH and Bobbie Frasch, Defendants.

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

January 23, 1990.

Attorney(s) appearing for the Case

Richard Russell, D'Amato & Lynch, New York City, for plaintiff.

Dwayne A. Frasch and Bobbie Frasch, pro se.

OPINION AND ORDER

STANTON, District Judge.

National Union Fire Insurance Company of Pittsburgh ("National Union"), an issuer of financial guarantee bonds, sues to enforce an indemnity agreement between itself and limited partners in a tax shelter limited partnership, and to enforce its rights as subrogee on the limited partners' promissory notes which it honored on their behalf. National Union issued a bond which guaranteed, to the limited partnership and...

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