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NATWEST USA CREDIT CORP. v. ALCO STANDARD CORP.

No. 92 CIV. 9104 (LAP).

858 F.Supp. 401 (1994)

NATWEST USA CREDIT CORP., Plaintiff, v. ALCO STANDARD CORPORATION and Westinghouse Credit Corporation, Defendants.

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

July 19, 1994.

Attorney(s) appearing for the Case

Cory E. Friedman, Winston & Strawn, New York City, for Natwest USA Credit Corp.

Steven Edward Bizar, Kelley, Drye & Warren, New York City, Steven E. Bizar, Howard D. Scher, Montgomery, McCracken, Walker & Rhoads, Philadelphia, PA, for Alco Standard Corp.

Simeon Harold Baum, Semel, Boeckmann & Skydel, Clifford H. Schoenberg, Rosenman & Colin, Mark D. Shepard, Donald R. Rooney, Jr., Miller, Singer, Raives & Brandes, P.C., New York City, Mark D. Shepard, Buchanan Ingersoll Prof. Corp., Pittsburgh, PA, for Westinghouse Credit Corp.

OPINION AND ORDER

PRESKA, District Judge.

This interpleader action presents the question of whether Alco Standard Corporation ("Alco") or Westinghouse Credit Corporation ("Westinghouse") is entitled to a priority over the right to be repaid from the interpleader funds. After a bench trial, the Court makes the following findings of fact and conclusions of law pursuant to Fed.R.Civ.P. 52. Judgment shall be entered in favor of interpleader defendant...

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