Prudential Insurance v. Gray Manufacturing Co.

CLARIE, District Judge.

This action is founded on the Federal Interpleader Act, 28 U.S.C.A. § 1335. It was brought to determine the lawful ownership of the proceeds of a life insurance policy issued by the plaintiff. The latter has paid $104,036.29 into the registry of the Court, which sum includes $100,000.00, the face amount of the policy, plus $4,036.29, which represents the mortuary dividend and termination dividend1 on said policy. The defendants are two adverse claimants of diverse citizenship. The amount in controversy is sufficient to confer jurisdiction upon this Court.

The present…