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GARITA HOTEL LTD. v. PONCE FEDERAL BANK, F.S.B.

Civil No. 90-1425(DRD).

954 F.Supp. 438 (1996)

GARITA HOTEL LTD. PARTNERSHIP d/b/a Garita Hotel Corporation, Plaintiffs, v. PONCE FEDERAL BANK, F.S.B., Defendants.

United States District Court, D. Puerto Rico.

September 23, 1996.

Attorney(s) appearing for the Case

Eric A. Tulla, Rivera, Tulla & Ferrer, Hato Rey, PR, Frank G. Salpietro, Meyer, Unkovic & Scott, Pittsburgh, PA, Jose R. Franco-Rivera, Hato Rey, PR, for Garita Hotel Ltd. Partnership.

Jorge Segurola, Goldman, Antonetti & Cordova, San Juan, PR, for Ponce Federal Bank.

OPINION AND ORDER

DOMINGUEZ, District Judge.

Plaintiff, Garita Hotel Limited Partnership ("Garita"), filed the instant complaint on March 23, 1990, against Ponce Federal Bank, F.S.B. ("Ponce Federal") and the Government Development Bank of Puerto Rico ("GDB"), alleging that the defendants breached their contractual obligation to grant Garita a loan for the reconstruction and operation of a hotel in Carolina, Puerto Rico. Ponce Federal now moves for...

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