Federal Deposit Ins. Corp. v. Julius Richman, Inc.

MEMORANDUM AND ORDER

PLATT, District Judge.

Defendant moves to remand this action to the Supreme Court of the State of New York, County of Suffolk, from which it was removed by the plaintiff on November 29, 1976, within thirty days of service upon the plaintiff of the defendant’s answer and counterclaim herein.

Plaintiff (hereinafter sometimes FDIC) brought this action against the corporate maker of a promissory note and two individual guarantors of such note which was originally given to the Franklin National Bank.

Following the declaration of said Bank’s insolvency, the FDIC became the owner…