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FDIC v. CONSOLIDATED MORTG. AND FINANCE CORP.

Civ. No. 79-2279 HL.

735 F.Supp. 456 (1990)

FEDERAL DEPOSIT INSURANCE CORPORATION, etc., Plaintiff, v. CONSOLIDATED MORTGAGE AND FINANCE CORP., et al., Defendants.

United States District Court, D. Puerto Rico.

March 12, 1990.

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., Federal Deposit Ins. Corp., Washington, D.C., for plaintiff.

José 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 is an action for the collection of money owed on certain promissory notes executed by codefendant Consolidated Mortgage and Finance Corporation ("Consolidated") and purchased by plaintiff Federal Deposit Insurance Corporation ("FDIC") on March 31, 1978 upon the closing of the Banco Crédito y Ahorro Ponceño by the Puerto Rico Secretary of the Treasury. Codefendants José A. Suro and others executed...

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