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MORGAN GUAR. TRUST CO. v. M/V GRIGORIOS C. IV

No. 83-6268.

615 F.Supp. 1444 (1985)

MORGAN GUARANTY TRUST COMPANY OF NEW YORK, et al., Plaintiffs, v. The M/V GRIGORIOS C. IV, et al., Defendants.

United States District Court, E.D. Louisiana.

August 20, 1985.

Attorney(s) appearing for the Case

Henry Read, Daniel Lund and Stanley McDermott, III, Montgomery, Barnett, Brown & Read, New Orleans, La., J. Bond Smith and John Loflin, Lord, Day & Lord, New York City, for plaintiffs.

Walter Carroll, Jr., Terriberry, Carroll & Yancey, New Orleans, La., Alfred E. Yudes, Jr., Burlingham, Underwood & Lord, New York City, for defendants.

MEMORANDUM AND ORDER

SEAR, District Judge.

Plaintiffs, Morgan Guaranty Trust Company ("Morgan"), Continental Illinois National Bank and Trust Company of Chicago ("Continental"), National Westminister Bank USA, Inc. ("Nat West"), and Banque De La Societe Financiere Europeenne ("BSFE") (collectively, "the Plaintiffs') brought this action in rem on December 30, 1983 to foreclose on a First Preferred Greek Ship Mortgage which they held on the M/V Grigorios...

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