Jesco, Inc. v. Jeffreys Steel Co., Inc.

MEMORANDUM OPINION

KEADY, District Judge.

In this interpleader action, plaintiff, Jesco, Inc., as stakeholder, sues defendants, Jeffreys Steel Co., Great Dominion Corp,, Federal Pipe and Steel Corp., Branch Banking and Trust Co., and East Coast Steel, Inc., to determine proper disposition of a fund of money owed by plaintiff to Great Dominion, in which the other defendants claim rights. The Court now has for decision defendant Branch’s motion for summary judgment on its claim to the interpleaded funds, plaintiff’s motion for summary judgment against defendant Branch on Branch’s counterclaim,…