Full title: BENEFITS EXPRESS, LLC., Petitioner, v. REPUBLIC BANK AND TRUST COMPANY…
Court: United States District Court, S.D. New York
Date published: Sep 20, 2006
Facts
Benefits Express, a New York company, “operated a business of accepting direct deposit of government benefits and other payments for its customers and providing ready access to deposited funds by checks or debit cards.” RBT is a commercial banking corporation organized under the laws of the state of Kentucky. On November 23, 1998, the parties entered into a business relationship relating to Benefits Express’ direct deposit program (the “1998 Agreement”). That agreement required the parties to arbitrate disputes arising out of the agreement before the American Arbitration Association (“AAA”).
Issue
Decision
For the foregoing reasons, Benefits Express’s motion to confirm the arbitration award is granted, and RBT’s cross-motion for interpleader is denied. RBT is directed to place the funds owed to Benefits Express into the court’s registry until RBT’s request for an interpleader is resolved. The Clerk of the Court is directed to close these motions (Nos. 1 and 9 on the docket) and this case.
SO ORDERED
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