District Court, D. New Jersey July 1, 1987, Civ. A. 86-3527 (Dailey v. First Peoples Bank of New Jersey)

OPINION

GERRY, District Judge.

This matter began as an action in state court concerning breach of contract and allegation of fraud in a real estate transaction. Defendants First Peoples Bank of New Jersey and others then filed a third-party complaint against a number of individuals, two of whom had earlier sought protection from creditors under bankruptcy law.