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HUDSON UNITED BANK v. CHASE MANHATTAN BANK

Civ. No. 92-3515 (DRD).

832 F.Supp. 881 (1993)

HUDSON UNITED BANK as successor in interest to HUB National Bank formerly known as Meadowlands National Bank, Plaintiff, v. CHASE MANHATTAN BANK OF CONNECTICUT, NA, a nationally chartered banking association; Consolidated Asset Recovery Corporation, a Delaware Corporation; The Federal Deposit Insurance Corporation, in its corporate capacity; and the Federal Deposit Insurance Corporation, as receiver for City-trust, Defendant.

United States District Court, D. New Jersey.

September 17, 1993.

Attorney(s) appearing for the Case

Van Borkulo-Nuzzo & Mackiewicz, Richard W. Mackiewicz, Jr., Union City, NJ, for Plaintiff.

F.D.I.C., Washington, DC, Thomas A. Schulz, Loretta R. Pitt, Thomas L. Holzman, Brach, Eichler, Rosenberg, Silver, Bernstein, Hammer & Gladstone, Stephen R. Farber, James T. Davis II, Roseland, NJ, for defendant F.D.I.C.

OPINION

DEBEVOISE, District Judge.

Plaintiff Hudson United Bank [hereinafter Hudson] instituted this action seeking a declaratory judgment of its rights in certain funds transferred to it by Defendant Chase Manhattan Bank of Connecticut, NA [hereinafter Chase], and to recover punitive damages and litigation expenses against all of the Defendants. The Federal Deposit Insurance Corporation [hereinafter FDIC], as receiver for Citytrust of Connecticut...

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