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F.D.I.C. v. KAGAN

Civ. A. No. 91-10406-WJS.

871 F.Supp. 1522 (1995)

FEDERAL DEPOSIT INSURANCE CORPORATION, As Receiver of the New Bank of New England, Plaintiff, v. Spencer M. KAGAN, Ronald S. Rubin and George S. Linsky, Individually and as they are Trustees of Seacoast Realty Trust; Dale Peatman, Alan Finn, Alan and Sandra Belinfante, Arthur Sandler, Mark Andler, Stanley Burba and Philip Linsky, Defendants.

United States District Court, D. Massachusetts.

January 3, 1995.

Attorney(s) appearing for the Case

Robert D. Cultice, Goldstein & Manello, Boston, MA, for plaintiff.

Charles Kagan, Stephen F. Murray, Kagan & Kagan, P.C., Revere, MA, Jeffrey T. Angley, Jeffrey J. Phillips & Associates; Matthew H. Feinberg, Matthew A. Kamholtz, Boston, MA, Scott M. Grover, Tinti, Quinn & Savoy; and Timothy W. Demakis, Salem, MA, for defendants and counterclaimants.

Paul R. Gupta, Nutter, McClennen & Fish, Thomas P. Gorman, and John C. LaLiberte, Sherin & Lodgen, for counterdefendant.

FINDINGS OF FACT, RULINGS OF LAW AND ORDER FOR JUDGMENT

SKINNER, Senior District Judge.

In this action, the Federal Deposit Insurance Corporation ("FDIC") seeks to recover on alleged guarantees of the obligations of the trustees of the Seacoast Realty Trust to the now defunct Essexbank. Summary judgment has been entered in favor of the FDIC against Spencer M. Kagan and Ronald S. Rubin. George Linsky and Alan Finn have filed bankruptcy petitions, and...

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