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PONCE FEDERAL BANK, F.S.B. v. VESSEL LADY ABBY

Civ. No. 90-1093(PG).

780 F.Supp. 878 (1992)

PONCE FEDERAL BANK, F.S.B., Plaintiff, v. The VESSEL "LADY ABBY", et al., Defendants.

United States District Court, D. Puerto Rico.

January 16, 1992.

Attorney(s) appearing for the Case

Francisco A. Besosa, San Juan, P.R., Edda I. Rodriguez, Hato Rey, P.R., for plaintiff.

Miguel E. Miranda, San Juan, P.R., John M. García, Henry Vázquez, Hato Rey, P.R., for defendants.

OPINION AND ORDER

PEREZ-GIMENEZ, District Judge.

Plaintiff, invoking the Court's subject-matter jurisdiction under the admiralty law of the United States, is hereby seeking to foreclose the mortgage on a vessel under the Ship Mortgage Act, 46 U.S.C. §§ 911-984. For the reasons that follow, the Court holds that plaintiff is entitled to such remedy.

I. Statement of Facts

On December 22, 1988, codefendants Israel Santiago...

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