FEDERAL DEPOSIT INS. CORP. v. RIVERA-ARROYO

No. Civ. 85-0282CC.

645 F.Supp. 511 (1986)

FEDERAL DEPOSIT INSURANCE CORP., in its corporate capacity, Plaintiff, v. Jose R. RIVERA-ARROYO, Myrna Landron-Nater and the conjugal partnership established by them; Robert S. Prann, Evelyn Prann and the conjugal partnership established by them; Bracero & Rivera, Inc. and Development & Investment Corp., Defendants.

United States District Court, D. Puerto Rico.

September 15, 1986.


Attorney(s) appearing for the Case

Gabriel Hernández-Rivera, Feldstein, Felpi, Hernandez & Gotay, Old San Juan, P.R., for plaintiff.

José E. Rivera-Reyes, Rivera, Nieves & Ferrer, Hato Rey, P.R., Carlos A. Quilichini, San Juan, P.R., Eldia Díaz-Olmo, Rodriguez Ramon, Peña & Diaz, Hato Rey, P.R., for defendants.


OPINION AND ORDER

CEREZO, District Judge.

This is an action for foreclosure of mortgage and collection of certain promissory notes which the Federal Deposit Insurance Corporation (FDIC), in its corporate capacity, acquired as assets from a failed financial institution, Girod Trust Company (Girod), through the FDIC as receiver of Girod. The assets are related to a Loan and Pledge Agreement executed by Girod and...

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