General Phœnix Corporation v. Malyon

CONGER, District Judge.

This is a motion to remand an action to the Supreme Court of the State of New York, New York County.

The General Phoenix Corporation is a Pennsylvania corporation authorized to do business in New York. In connection with its business of finance factoring, it obtained policies of insurance from Lloyds of London which, in general, indemnified it against losses arising out of its purchase or making of loans against fictitious accounts receivable and like transactions.

The plaintiff commenced suit on the policies in the State Court against the defendant, an alien residing in…