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INDUSTRIAL INDEM. CO. v. NIEBLING

No. CIV 92-1846 PHX EHC.

844 F.Supp. 1374 (1994)

INDUSTRIAL INDEMNITY COMPANY, Plaintiff, v. Andre A. NIEBLING and Helen M. Niebling, husband and wife, Defendants.

United States District Court, D. Arizona.

March 8, 1994.

Attorney(s) appearing for the Case

Floyd P. Bienstock, Kevin M. Judiscak, Steptoe & Johnson, Phoenix, AZ, for plaintiff.

Ronald A. Spears, Phoenix, AZ, for defendants.

ORDER DENYING SUMMARY JUDGMENT

CARROLL, District Judge.

I. Background

The Complaint in this matter alleges that in 1985, defendants Andre and Helen Niebling subscribed to purchase interests in the Hotel Pontchartrain Limited Partnership. Pursuant to that purchase, the Nieblings executed two promissory notes payable to the partnership in deferred capital contribution payments. The Notes were subsequently assigned to LaSalle National...

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