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MANGOLD v. WILSON

Civ. No. 1987/70.

695 F.Supp. 841 (1988)

Robert MANGOLD and Sharon Mangold, Plaintiffs, v. Robert G. WILSON, Defendant.

District Court, Virgin Islands, D. St. Croix.

September 16, 1988.

Attorney(s) appearing for the Case

Gerald T. Groner, Christiansted, St. Croix, U.S. Virgin Islands, for plaintiffs.

Warren B. Cole, Christiansted, St. Croix, U.S. Virgin Islands, for defendant.

MEMORANDUM OPINION

DAVID V. O'BRIEN, Chief Judge.

Recipients of interest payments in excess of the maximum legal rate are strictly liable in the Virgin Islands to the payors for double the amount of interest paid,1 unless said payments are pursuant to a first priority mortgage greater than $100,000.2 These cross-motions for summary judgment require us to determine the applicability of various defenses...

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