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FEDERAL DEPOSIT INS. CORP. v. GRUPO GIROD CORP.

Civ. No. 84-2427(JP).

680 F.Supp. 486 (1988)

FEDERAL DEPOSIT INSURANCE CORPORATION, in its corporate capacity, Plaintiff, v. GRUPO GIROD CORPORATION, Enrique N. Vela, and Carlos A. Quilichini Paz, Defendants.

United States District Court, D. Puerto Rico.

February 29, 1988.

Attorney(s) appearing for the Case

Gustavo A. Gelpí, Feldstein, Gelpí, Hernández & Gotay, Old San Juan, P.R., for plaintiff.

Ramón Lloveras Otero, San Juan, P.R., for defendants.

OPINION AND ORDER

PIERAS, District Judge.

This is an action for collection on two promissory notes. The notes are acquired by the Federal Deposit Insurance Corporation (FDIC) as part of the assets of the now-defunct Girod Trust Company (GTC). GTC was closed on August 16, 1984, by order of the Secretary of the Treasury of the Commonwealth of Puerto Rico. FDIC accepted the tender of appointment of receiver of GTC, as it was statutorily required to do insofar...

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