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COMPAÑIA de FIANZAS de PUERTO RICO v. JUARBE

Civ. No. 76-1643.

477 F.Supp. 139 (1979)

COMPAÑIA de FIANZAS de PUERTO RICO (PUERTO RICO BONDING CO.), Pedro Figueroa Rodriguez, Eduardo Martinez Vere, Jose Crespo Barreto, Myrna Hernandez Santiago, Plaintiffs, v. Manuel JUARBE, Insurance Commissioner Carlos R. Rios, Puerto Rico's Secretary of Justice, Defendants.

United States District Court, D. Puerto Rico.

September 24, 1979.

Attorney(s) appearing for the Case

Leonardo Llequis, Santurce, P. R., for plaintiffs.

José A. González Gierbolini, Asst. Sec. of Justice, Dept. of Justice, San Juan, P. R., for defendants.

OPINION AND ORDER

TOLEDO, Chief Judge.

The facts of the present case show that the corporative plaintiff, Compañia de Fianzas de Puerto Rico, (hereinafter "Compañia"), owed the Commonwealth of Puerto Rico approximately $800,000 in forfeited bail bonds executed by it to different defendants. The parties entered into payment negotiations. A stalemate ensued over the payment of interest on the sum owed and on the execution of a first mortgage to guarantee...

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