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PALMAS DEL SOL, S.E. v. U.S. FIDELITY AND GUAR. CO.

No. CIV.02-1249(RLA).

338 F.Supp.2d 303 (2004)

PALMAS DEL SOL, S.E., Plaintiff, v. UNITED STATES FIDELITY AND GUARANTY COMPANY, Defendant.

United States District Court, D. Puerto Rico.

October 7, 2004.

Attorney(s) appearing for the Case

Cherrie K. Durand, Paul H. Hulsey, Hulsey Litigation Group, LLC, Charleston Harbor, Charleston, SC, Walter F. Harris, Hulsey Litigation Group, LLC, Mount Pleasant, SC, for Plaintiff.

Edilberto Berrios-Perez, Angel Caban-Bermudez, Berrios & Longo, PSC, San Juan, PR, for Defendant.

ORDER IN THE MATTER OF TAX CONSEQUENCES OF SETTLEMENT FUNDS AND DIRECTING DISBURSEMENT OF PROCEEDS

ACOSTA, District Judge.

BACKGROUND

On August 30, 2004, the parties executed a settlement agreement1 which called for the payment on September 15, 2004, of $2.1 million payable to the escrow account of the HULSEY LITIGATION GROUP, LLC, (HULSEY GROUP)2 in trust for PALMAS DEL...

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