Benefits Express, Llc. v. Republic Bank Trust Company

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

Also, Read

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *

one × two =