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U.S. v. BAUS

No. 87-1332.

834 F.2d 1114 (1987)

UNITED STATES of America, Plaintiff, Appellee, v. Bernard V. BAUS, et al., Defendants, Appellants.

United States Court of Appeals, First Circuit.

Decided December 11, 1987.

Attorney(s) appearing for the Case

Richard A. Kaye with whom Kathleen L. Torres and Kaye, Fialkow, Richmond & Rothstein, Boston, Mass., were on brief, for appellants.

Lydia Pelegrin, Asst. U.S. Atty., with whom Daniel F. Lopez-Romo, U.S. Atty., Hato Rey, P.R., was on brief, for appellee.

Before BOWNES, Circuit Judge, TIMBERS, Senior Circuit Judge, and SELYA, Circuit Judge.

BOWNES, Circuit Judge.

The appellants in this action are guarantors of a loan from the Economic Development Administration (EDA), an agency of the United States Government, to National Medical Products Corporation (NMP), a now-defunct manufacturer of medical supplies in Puerto Rico. When NMP defaulted on the loan, the government filed suit in United States District Court in Puerto Rico to collect on the guaranties. The case was eventually settled and judgment entered...

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