Continental Commercial Corp. v. Metropolitan Life Ins.

McVICAR, District Judge.

This is an action under the Declaratory Judgment Act, 28 U.S.C.A. § 400, wherein the plaintiff, the Continental Commercial Corporation, seeks a judgment declaring, inter alia, that it is entitled to hold two policies on the life of Samuel S. Jones, issued by Metropolitan Life Ins. Co., numbered 5424284A and 5424285A, each in the amount of $5,000, as security for indebtedness of Samuel S. Jones, one of the defendants, to plaintiff; also, that Samuel S. Jones and the two beneficiaries in the policies, William S. Jones and George W. Jones, nor any of them, has any valid…