OPINION
MOTLEY, District Judge.
FINDINGS OF FACT AND CONCLUSIONS OF LAW
I. Introduction
This action was commenced on November 28, 1989 when plaintiff Flexi-Van Leasing, Inc. ("Flexi-Van") filed suit against defendant Pharos Lines, S.A. ("Pharos Lines"). Flexi-Van claimed breach of contract and conversion regarding marine equipment it had leased to Pharos Lines.
On August 10, 1990, Flexi-Van filed a separate action against...
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