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FIRST UNION v. MARGO FARMS DEL CARIBE, INC.

Civ. No. 92-1206 (JP).

875 F.Supp. 73 (1995)

FIRST UNION NATIONAL BANK OF FLORIDA, Plaintiff, v. MARGO FARMS DEL CARIBE, INC., Defendant.

United States District Court, D. Puerto Rico.

February 2, 1995.

Attorney(s) appearing for the Case

Mario L. Paniagua Guzmán, San Juan, PR, Jacqueline D. Novas Debien, Dept. of Justice, Federal Litigation Div., San Juan, PR, for plaintiff.

Francisco A. Besosa, Miguel J. Rodríguez Marxuach, Axtmayer, Adsuar, Muñiz & Goyco, San Juan, PR, for defendant.

OPINION AND ORDER

PIERAS, District Judge.

The Court has before it plaintiff's motion to stay the proceedings (docket No. 92), defendant's opposition (docket No. 94), and the respective supplements to these motions. First Union National Bank of Florida ("First Union") initiated this action against Margo Farms del Caribe, Inc. ("Caribe") to foreclose assets which Caribe offered as a guarantee on a loan to its parent corporation, Margo Nursery Farms...

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