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FEDERAL DEPOSIT INS. CORP. v. PRANN

Civ. No. 85-0282CC.

694 F.Supp. 1027 (1988)

FEDERAL DEPOSIT INSURANCE CORPORATION, in its corporate capacity, Plaintiff, v. Robert S. PRANN, Evelyn Prann, and the conjugal partnership established by them; Bracero & Rivera, Inc.; and Development & Investment Corp., Defendants.

United States District Court, D. Puerto Rico.

As Amended September 7, 1988.

Attorney(s) appearing for the Case

Gabriel Hernández-Rivera, Feldstein, Gelpí, Hernández & Gotay, Old San Juan, P.R., for plaintiff.

Robert S. Prann, San Juan, P.R., pro se.

José E. Rivera-Reyes, Hato Rey, P.R., for Bracero & Rivera.

Carlos A. Quilichini, Old San Juan, P.R., for Development & Inv.

AMENDED OPINION AND ORDER

CEREZO, District Judge.

This is an action for foreclosure of mortgage and collection of monies allegedly owed pursuant to certain promissory notes acquired by the Federal Deposit Insurance Corporation (FDIC), in its corporate capacity, from a failed financial institution, Girod Trust Company (Girod), through the FDIC as receiver. The notes resulted mainly from several loan and pledge transactions between Girod and the two primary...

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