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MORGAN GUAR. TRUST CO. v. HELLENIC LINES LTD.

No. 83 Civ. 8560 (RWS).

621 F.Supp. 198 (1985)

MORGAN GUARANTY TRUST COMPANY, et al., Plaintiffs, v. HELLENIC LINES LIMITED, et al., Defendants.

United States District Court, S.D. New York.

October 16, 1985.

Attorney(s) appearing for the Case

Lord Day & Lord, New York City, for plaintiff Banks; John J. Loflin, J. Bond Smith, Jr., Matthew G. Dineen, John E. Grimmer, Jerry E. Muntz, of counsel.

Deorchis and Partners, New York City, by Manuel R. Llorca, for intervening plaintiffs; Burlingham Underwood & Lord, by Alfred E. Yudes, Jr., Bigham Englar Jones & Houston, by Helen M. Benzie, Gilbride Tusa Mirone Last & Spellane, by Robert Mirone, Quinn Ward & Kershaw, Baltimore, Md., by Kieron F. Quinn, John T. Ward, of counsel.

OPINION

SWEET, District Judge.

The parties to this consolidated maritime action seek to establish the validity and priority of maritime liens asserted against certain Hellenic Lines Limited ("Hellenic") vessels and their freights. Between April 29, 1985 and May 2, 1985 a hearing was held on the first of several contested issues, the validity of certain preferred ship mortgages asserted by plaintiffs Morgan Guaranty...

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