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INTERDEVCO, INC. v. HOLLYWOOD FED. SAV.

No. 87-1916.

523 So.2d 773 (1988)

INTERDEVCO, INC., Interdevco-Grove Square, Inc., Issac Mildenberg, Janin Mildenberg, Jose M. Suriol and Conxita Suriol, Appellants, v. HOLLYWOOD FEDERAL SAVINGS AND LOAN ASSOCIATION, a Savings and Loan Corporation Organized under the Laws of the United States, and Continental Casualty Company, Appellees.

District Court of Appeal of Florida, Third District.

April 19, 1988.

Attorney(s) appearing for the Case

Squadron, Ellenoff, Mandler, Plesent & Lehrer and Janet E. Ritenbaugh, New York City, and Bernard S. Mandler, Miami, for appellants.

Ellis, Spencer, Butler and Kisslan and Robert Paul Keeley, Hollywood, for appellee Hollywood Federal Sav. & Loan Ass'n.

Fisher, Rushmer, Werrenrath, Keiner, Wack & Dickson, and John C. Briggs, Orlando, for appellee Continental Cas. Co.

Before SCHWARTZ, C.J., and BARKDULL and FERGUSON, JJ.

FERGUSON, Judge.

The appellee, Hollywood Federal, commenced this action for a preliminary injunction to prevent the disbursement of insurance proceeds from an escrow account. The trial court granted the injunction, ruling that because Hollywood Federal asserted a claim to the funds the proper procedure was to preserve the status quo by restraining further disbursement of the funds. Substantively, Hollywood Federal's claim is without a contractual basis.

Interdevco...

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