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F.D.I.C. v. TORREFACCION CAFE CIALITOS, INC.

No. 94-2288.

62 F.3d 439 (1995)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff, Appellee, v. TORREFACCION CAFE CIALITOS, INC., et al., Defendants, Appellants.

United States Court of Appeals, First Circuit.

Decided August 15, 1995.

Attorney(s) appearing for the Case

Gilberto Mayo-Pagan with whom Mayo & Mayo, Santurce, PR, was on brief, for appellants.

Daniel Glenn Lonergan, Counsel, with whom Ann DuRoss, Asst. Gen. Counsel, Colleen B. Bombardier, Sr. Counsel, F.D.I.C., Washington, DC and Jose R. Garcia Perez, Gonzalez, Bennazar, Garcia-Arregui & Fullana, Hato Rey, PR, were on brief, for appellee.

Before BOUDIN, Circuit Judge, CAMPBELL, Senior Circuit Judge, and SCHWARZER, Senior District Judge.

LEVIN H. CAMPBELL, Senior Circuit Judge.

The Federal Deposit Insurance Corporation ("FDIC") seeks to recover funds under several promissory notes once held by Girod Trust Company ("GTC"), a failed Puerto Rico bank. The defendants are the debtor, co-debtor, sureties, and guarantors of those notes. The district court denied defendants' motion for partial summary judgment and granted the FDIC's motion for summary judgment. Defendants now appeal, arguing that the district...

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