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WETZLER v. F.D.I.C.

No. 92 Civ. 4343 (LMM).

814 F.Supp. 351 (1993)

James W. WETZLER, as Commissioner of Taxation and Finance of the State of New York, and the New York State Department of Taxation and Finance, Plaintiffs, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver of the Seamen's Bank for Savings, F.S.B., Defendant.

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

February 25, 1993.

Attorney(s) appearing for the Case

Robert Abrams, Atty. Gen. for state of NY, and Frederic L. Lieberman, Asst. Atty. Gen., New York City, for plaintiffs, James W. Wetzler, New York State Dept. of Taxation and Finance.

Steven A. Hammond and Kevin M. Crotty of Hughes Hubbard & Reed, New York City, for defendant F.D.I.C.

MEMORANDUM AND ORDER

McKENNA, District Judge.

By this Order, the Court decides cross motions by defendant Federal Deposit Insurance Corporation (the "FDIC") and by plaintiffs James W. Wetzler and the New York State Department of Taxation and Finance ("Plaintiffs") for summary judgment pursuant to Rule 56(b) and (c) of the Federal Rules of Civil Procedure. The FDIC is the Receiver of the Seamen's Bank for Savings, F.S.B. ("Seamen's"). At issue in this case...

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