Paul Revere Protective Life Insurance v. Weis

MEMORANDUM OF DECISION

McGLYNN, District Judge.

This action was commenced by the plaintiffs, The Paul Revere Protective Life Insurance Company, The Paul Revere Life Insurance Company and The Paul Revere Variable Annuity Insurance Company (herein collectively referred to as “Paul Revere Companies”) to recover monies from defendants, Sigfried Weis and Robert F. Weis (“the Weises”), as guarantors of promissory notes issued in connection with a leveraged lease of railroad boxcars. Jurisdiction of the case is based on diversity of citizenship between the parties. See 28 U.S.C. § 1332 (1977).…