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EUROPEAN AMER. BANK v. ROYAL ALOHA VACATION CLUB

No. 87 Civ. 2154 (RWS).

704 F.Supp. 1233 (1989)

EUROPEAN AMERICAN BANK, Plaintiff, v. The ROYAL ALOHA VACATION CLUB, the Royal Aloha Partners, the Aloha Group, Inc., Royal Aloha Associates, Limited, Marina Development Corporation, ITT Commercial Finance Corporation, Southwest Mortgage Service Corporation, and Bobby L. Pringle, Defendants.

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

January 11, 1989.

Attorney(s) appearing for the Case

Schulte Roth & Zabel, New York City, for plaintiff European American Bank; Roger B. Mead, Jeffrey K. Cymbler, of counsel.

Fennemore Craig, Phoenix, Ariz., for defendants Royal Aloha Vacation Club, Royal Aloha Partners, Aloha Group, Inc.; John G. Ryan, Ray K. Harris, of counsel.

John E. Collins, Dallas, Tex., for defendant Bobby L. Pringle.

OPINION

SWEET, District Judge.

Plaintiff European American Bank ("EAB"), the present holder of certain installment notes, interpleaded pursuant to 28 U.S.C. § 1335 defendants Royal Aloha Vacation Club (the "Club"), the Royal Aloha Partners (the "Partners"), The Aloha Group, Inc. (the "Group"), Royal Aloha Associates, Limited ("RAA"), Marina Development Corporation ("Marina"), ITT Commercial Finance Corporation...

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