General Railway Signal Co. v. Corcoran

MEMORANDUM OPINION AND ORDER

ROVNER, District Judge.

I.INTRODUCTION

This is a statutory interpleader action brought to resolve conflicting claims of ownership over a judgment entered against the stakeholder in previous litigation. Pending are a motion to dismiss, a motion to intervene and cross-motions for summary judgment.

II.FACTS

Except where otherwise indicated, the underlying facts are not in dispute for purposes of the pending motions. American Fidelity Fire Insurance (“AFFI”) was a surety on two performance bonds given by Transit Systems Technology, Inc. (“Tran-stec”) in favor of Orange…