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BRANCH BANKING & TRUST CO. OF VA v. M/Y BEOWULF

Case No. 11-80692-CIV.

883 F.Supp.2d 1199 (2012)

BRANCH BANKING & TRUST CO. OF VIRGINIA, Plaintiff, v. M/Y "BEOWULF," Official No. 1137719, etc., in rem, Defendant.

United States District Court, S.D. Florida.

June 7, 2012.

Attorney(s) appearing for the Case

Theodore Livingston Shinkle, Gray Robinson, Melbourne, FL, for Plaintiff.

Adam B. Cooke, McIntosh Schwartz, P.L., Fort Lauderdale, FL, for Defendant.

MEMORANDUM OPINION & FINAL JUDGMENT

DANIEL T.K. HURLEY, District Judge.

This is an in rem admiralty action to foreclose a first preferred ship mortgage claimed by plaintiff Branch Banking & Trust Co. of Virginia ("the Bank") on the defendant vessel, the M/Y Beowulf ("the Beowulf" or "the vessel"). The mortgage was given as security for a $1 million personal loan funded by the Bank in favor of James C. Sculley (now deceased), past President...

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