Prudential Insurance Co. of America v. Bank of Commerce

MEMORANDUM AND ORDER

EARL E. O’CONNOR, District Judge.

This matter is before the court on the motion of plaintiff Prudential Insurance •Company of America for approval of the proposed bond in lieu of deposit (Doe. # 13) and joint motion of defendants Bank of Commerce and Michelle D. Hudson to dismiss (Doc. # 11). The court has reviewed the briefs submitted by the parties and is now prepared to rule.

Plaintiff filed the instant action in the nature of interpleader pursuant to 28 U.S.C. § 1335. We have original jurisdiction over plaintiffs statutory interpleader claim only if at least $500 is in…