Legal Opinion
In Re ADL Contracting Corp.
United States Bankruptcy Court, S.D. New York
Decided August 9, 1995No. 19-22039PublishedCited by 3 opinions
1Opinion of the Court
Decision Determining Entitlement to Funds Withheld Pending Completion Of A Construction Project
JOHN J. CONNELLY, * Bankruptcy Judge.
The question presented here is which of three creditors has priority to funds presently held in escrow by the attorney for the debtor, ADL Contracting Corporation (“ADL”). The escrowed funds represent the proceeds of a settlement of a breach of contract suit brought by ADL against the Town of Orange (“Town”) over a construction project commenced in December 1986 (“the Project”). The first creditor, Aetna Casualty and Surety Company (“Aetna”), asserts entitlement…
2Cases cited30 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- Prairie State Bank v. United StatesSupreme Court of the United States · 1896
- Pearlman v. Reliance InsuranceSupreme Court of the United States · 1962
- United States v. Munsey Trust Co.Supreme Court of the United States · 1947
- Henningsen v. United States Fidelity & Guaranty Co. of BaltimoreSupreme Court of the United States · 1908
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3Cited by3 opinions
- Mendelsohn v. Dormitory Authority of New York (In Re QC Piping Installations, Inc.)United States Bankruptcy Court, E.D. New York · 1998
- Acranom Masonry, Inc. v. Wenger Construction Co., Inc.District Court, E.D. New York · 2019
- RKI Construction, LLC v. WDF Inc.District Court, E.D. New York · 2020