American Fidelity Fire Insurance v. Paste-Ups Unlimited, Inc.
District Court, S.D. New York
1Opinion of the Court
DECISION AND OPINION
POLLACK, District Judge.
This is a federal interpleader suit arising under 28 U.S.C. § 1335 to determine the conflicting claims to the proceeds of a $50,000 certificate of deposit issued by a Florida bank to Deductible (Deductible Coverage Agency, Inc.), an insurance agency.
Deductible pledged the certificate of deposit with a New York based insurer, American (American Fidelity Fire Insurance Company) as security for the former’s liabilities under a contract between those companies.
While the certificate of deposit was still in American’s possession in New York, Deductible…
2Cases cited71 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Mullane v. Central Hanover Bank & Trust Co.Supreme Court of the United States · 1950
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Hanson v. DencklaSupreme Court of the United States · 1958
- Fuentes v. ShevinSupreme Court of the United States · 1972
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3Cited by10 opinions
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- Money Management, Inc. v. VetereCivil Court of the City of New York · 1981
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