Schiavone Construction Co., Daidone Electric of New York, Inc., a Joint Venture v. City of New York, Red Hook Water Pollution Control Plant

MESKILL, Circuit Judge:

In this appeal we must decide whether a company’s legitimate assignment of its interest in a joint venture construction project eliminates that company’s citizenship from consideration in determining whether diversity jurisdiction exists in a later suit by the joint venture for sums allegedly owed for work on the project.

Schiavone Construction Co., Daidone Electric of New York, Inc., a Joint Venture appeals the dismissal of its action on a construction contract against the City of New York, Red Hook Water Pollution Control Plant (City of New York), for lack of federal…