Alcatel NA Cable System, Inc. v. Prinvest Corp.

Miller, Judge.

A subcontractor assigned to its creditor the proceeds from its contract with a general contractor, who acknowledged the assignment. The subcontractor and the contractor arbitrated to a federal judgment the amount due under the contract. The subcontractor’s attorneys then notified the contractor that they also had a claim to the judgment proceeds. Faced with the conflicting claims of the creditor and of the subcontractor’s attorneys, the contractor obtained federal court permission to pay the amount of the judgment into the federal court registry in satisfaction of the judgment.…