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F.D.I.C. v. CONSOLIDATED MORTG. AND FINANCE CORP.

Civ. No. 79-2279 HL.

691 F.Supp. 557 (1988)

FEDERAL DEPOSIT INSURANCE CORPORATION, in its corporate capacity, Plaintiff, v. CONSOLIDATED MORTGAGE AND FINANCE CORPORATION, et al., Defendants.

United States District Court, D. Puerto Rico.

July 15, 1988.

Attorney(s) appearing for the Case

Stanley L. Feldstein, San Juan, P.R., Frank L. Skillern, Jr., Gen. Counsel, Myers N. Fisher, Asst. Gen. Counsel, Michael B. Brugee, Sr. Counsel, Wayne D. Baller, Atty., F.D.I.C., Washington, D.C., for plaintiff.

Jose A. Suro, Amadeo & Suro, Santurce, P.R., for Urbanizadora Altomar, Inc.

Juan M. Méndez Solís, Hato Rey, P.R., for Urbanizadora Acro, Inc.

Julio M. Rodríguez, Fiddler González & Rodríguez, San Juan, P.R., for Gerald N. Rosenberg and Malcolm Rosenberg.

OPINION AND ORDER

LAFFITTE, District Judge.

This case was remanded by the First Circuit to determine the liability of co-defendant José A. Suro ("Suro") under certain promissory notes and letters of guaranty. We award judgment in favor of Federal Deposit Insurance Corporation ("FDIC") and against Suro, as guarantor, in solidum, in the amount of $9,810,925.20, plus interest and costs.

I. FACTUAL BACKGROUND

1. Defendants Consolidated...

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