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RESOLUTION TRUST CORP. v. WILSON

Civ. No. 91-3184 (SSB).

851 F.Supp. 141 (1994)

RESOLUTION TRUST CORPORATION RECEIVER OF ACTION FEDERAL SAVINGS BANK, Plaintiff, v. Thomas J. WILSON; Teddy Menas, et al., Defendants/Third-Party Plaintiff, v. ACTION SAVINGS BANK SLA; Joseph M. Skowronski; Charles T. Gemmel, Esq.; Todd, Gemmel, Nugent & Fitzgerald, P.A.; Lawrence E. Mills, Managing Agent; Resolution Trust Corporation; Emanuel Solomon; George Elkins; Steve E. Brady; Joseph D'Orio; and Robert Turnbull, Third-Party Defendants.

United States District Court, D. New Jersey.

April 29, 1994.

Attorney(s) appearing for the Case

Paul A. Mainardi, Brown & Connery, Westmont, NJ, for plaintiff Resolution Trust Corp.

Thomas P. Frascella, Avolio and Hanlon, P.C., Trenton, NJ, for defendant Thomas J. Wilson.

OPINION

BROTMAN, District Judge:

Presently before the Court is the motion for summary judgment of plaintiff and third-party defendant Resolution Trust Corporation ("RTC"). For the reasons set forth below, the motion is granted.

I. Facts and Procedural Background

In July 1986, Thomas Wilson and Teddy Menas entered into a partnership agreement to develop a single commercial lot in Northfield, New Jersey. Wilson and Menas subsequently...

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