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BANK OF NOVA SCOTIA v. ST. CROIX DRIVE-IN THEATRE

Civ. No. 80/88.

552 F.Supp. 1244 (1982)

BANK OF NOVA SCOTIA, Plaintiff, v. ST. CROIX DRIVE-IN THEATRE, INC., Marvin Mahan, St. Thomas Drive-In Theatre, Inc. and H.E. Lockhart Development Corp., Defendants.

District Court, Virgin Islands, D. St. Croix.

December 16, 1982.

Attorney(s) appearing for the Case

Warren B. Cole, Christiansted, St. Croix, V.I., for plaintiff.

Joel H. Holt, Christiansted, St. Croix, V.I., for defendants Mahan, St. Croix Drive-In, Inc. and St. Thomas Drive-In, Inc.

John G. Short, Charlotte Amalie, St. Thomas, V.I., for defendant Lockhart Development Corp.

ACTION FOR DEBT AND FORECLOSURE OF MORTGAGE

O'BRIEN, District Judge.

MEMORANDUM OPINION AND JUDGMENT

The genesis of this action is a debt incurred by several of the defendants for which another defendant agreed, in part, to act as surety. The trial was held on July 20, 1982. The plethora of memoranda submitted by the respective parties, both before and after the trial, constitute a monument to the problems inherent in complex financial dealings...

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