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FRANK BRISCOE CO., INC. v. TRAVELERS INDEM. CO.

Civ. A. No. 93-5222.

899 F.Supp. 1304 (1995)

FRANK BRISCOE CO., INC., Plaintiff, v. The TRAVELERS INDEMNITY CO., et al., Defendants.

United States District Court, D. New Jersey.

September 5, 1995.

Attorney(s) appearing for the Case

Jonathan L. Goldstein, Robert S. Raymar, Matthew E. Moloshok, Hellring, Lindeman, Goldstein & Siegal, Newark, NJ, for plaintiff.

Frederic S. Kessler, Tompkins, McGuire & Wachenfeld, Newark, NJ, Arthur S. Friedman, Susan J. Schwartz, Robert A. Scher, Friedman, Wang & Bleiberg, New York City, for defendants.

AMENDED OPINION

WOLIN, District Judge.

This case requires the Court to interpret an agreement, styled as an Agreement for Disposition of Collateral ("ADC"), in order to determine the respective rights of the parties. Plaintiff contends that it is owed approximately $400 million in accrued interest. Defendant denies any indebtedness to plaintiff and counters that plaintiff remains indebted to defendant. Despite the $400 million financial gulf that...

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