MEMORANDUM
NICKERSON, District Judge.
Before the Court is the motion of Claimant Clipper Bulk Shipping, Ltd. ("Clipper Bulk") to vacate attachment (Paper No. 40). The issues have been fully briefed, and a hearing was held on November 16, 2001. After consideration of the pleadings and oral argument presented at the hearing, the Court determines that Clipper Bulk's motion will be denied.
I. BACKGROUND
This admiralty action began as...
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