General Railway Signal Co. v. Corcoran

MEMORANDUM OPINION AND ORDER

ROVNER, District Judge.

I. INTRODUCTION

This is an interpleader action involving rights to the proceeds of a state court judgment obtained against the stakeholder, General Railway Signal Company (“General Railway”), by American Fidelity Fire Insurance Company (“AFFI”). AFFI now is in liquidation -and is represented by James P. Corcoran, the Superintendent of Insurance of the State of New York (the “Superintendent”). The claimants named in plaintiff’s original complaint were the Superintendent and the United States Small Business Administration (“SBA”). In its opinion…