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FUTURA DEVELOPMENT v. ESTADO LIBRE ASOCIADO

Nos. 97-1602, 97-1603.

144 F.3d 7 (1998)

FUTURA DEVELOPMENT OF PUERTO RICO, INC., Etc., et al., Plaintiffs-Appellees, v. ESTADO LIBRE ASOCIADO DE PUERTO RICO, The Cooperative Development Administration, The Cooperative Development Company, Defendants-Appellants. FUTURA DEVELOPMENT OF PUERTO RICO, INC., Plaintiff-Appellant, v. ESTADO LIBRE ASOCIADO DE PUERTO RICO, The Cooperative Development Administration, The Cooperative Development Company, Defendants-Appellees.

United States Court of Appeals, First Circuit.

Decided May 6, 1998.

Attorney(s) appearing for the Case

Jay A. García-Gregory, with whom Fiddler, González & Rodríguez, Paul B. Smith, Jr. and Smith & Nevares were on brief for appellant Commonwealth of Puerto Rico.

Alan M. Dershowitz, with whom Amy Adelson, Victoria B. Eiger, Nathan Z. Dershowitz, Dershowitz & Eiger, P.C., Geoffrey Woods and Woods & Woods were on brief for appellee/cross appellant Futura Development of Puerto Rico, Inc.

Cherie K. Durand, with whom Law Offices Benjamin Acosta, Jr. was on brief for defendants-appellees.

Before TORRUELLA, Chief Judge, BOUDIN and STAHL, Circuit Judges.

TORRUELLA, Chief Judge.

In an earlier proceeding, the predecessor of plaintiff Futura Development of Puerto Rico, Inc. ("Futura") obtained a judgment against the Cooperative Development Company ("CDC"), a public corporation and instrumentality of the Commonwealth of Puerto Rico, in the amount of $12,266,000. See U.S.I. Properties Corp. v. M.D. Construction Co., 860 F.2d 1 (1st Cir.1988). After CDC failed to satisfy the judgment...

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