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BARCLAYS BUSINESS CREDIT v. FOUR WINDS PLAZA PART.

Civil Action No. 96-136M.

938 F.Supp. 304 (1996)

BARCLAYS BUSINESS CREDIT, INC., Plaintiff, v. FOUR WINDS PLAZA PARTNERSHIP and Quincy Corporation, Defendants.

District Court, Virgin Islands, Division of St. Thomas and St. John.

September 19, 1996.

Attorney(s) appearing for the Case

Joseph Bruce Wm. Arellano, No. 4 A & B Kongens Gade, St. Thomas, U.S.V.I., W. Michael Bond, James W. Robertson, Weil, Gotshal & Manges L.L.P., Washington, D.C., for Plaintiff Barclays Business Credit, Inc.

John K. Dema, Law Offices of John K. Dema, P.C., Christiansted, St. Croix, U.S.V.I., for Defendant Four Winds Plaza Partnership.

Tom Bolt, Tom Bolt & Associates, P.C., St. Thomas, U.S.V.I., for Defendant Quincy Corporation.

OPINION ON MOTION FOR PRELIMINARY INJUNCTION

BROTMAN, District Judge, Sitting by Designation:

This is an action for recovery on a debt. On July 2, 1996, upon motion of plaintiff Barclays Business Credit, Inc. ("Barclays"), the Court issued a Temporary Restraining Order ("TRO") which enjoined defendants' use of settlement proceeds that defendant Four Winds Plaza Partnership ("Four Winds") reportedly received in another litigation (the "Settlement Proceeds...

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