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BRANCH BANKING & TRUST CO. OF VA v. M/Y BEOWULF

Case No. 11-80692-CIV.

883 F.Supp.2d 1199 (2012)

BRANCH BANKING & TRUST CO. OF VIRGINIA, Plaintiff, v. M/Y "BEOWULF," Official No. 1137719, etc., in rem, Defendant.

United States District Court, S.D. Florida.

June 7, 2012.

Attorney(s) appearing for the Case

Theodore Livingston Shinkle , Gray Robinson, Melbourne, FL, for Plaintiff.

Adam B. Cooke , McIntosh Schwartz, P.L., Fort Lauderdale, FL, for Defendant.

MEMORANDUM OPINION & FINAL JUDGMENT

DANIEL T.K. HURLEY, District Judge.

This is an in rem admiralty action to foreclose a first preferred ship mortgage claimed by plaintiff Branch Banking & Trust Co. of Virginia ("the Bank") on the defendant vessel, the M/Y Beowulf ("the Beowulf" or "the vessel"). The mortgage was given as security for a $1 million personal loan funded by the Bank in favor of James C. Sculley (now deceased), past President...

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