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PNC BANK, N.A. v. PRESBYTERIAN RETIREMENT CORPORATION, INC.

Civil Action No. 14-0461-WS-C.

PNC BANK, N.A., Plaintiff, v. PRESBYTERIAN RETIREMENT CORPORATION, INC., et al., Defendants.

United States District Court, S.D. Alabama, Southern Division.

November 13, 2014.

Attorney(s) appearing for the Case

PNC Bank, N.A., Plaintiff, represented by Heather Ann Lee, Burr & Forman & Michael Leo Hall, Burr & Forman.

Presbyterian Retirement Corporation, Inc., d/b/a Westminster Village, Defendant, represented by Stewart M. Cox, Bradley Arant Boult Cummings LLP.

Infirmary Health System, Inc., Defendant, represented by Alan T. Rogers, Balch & Bingham, Jeremy Lowery Retherford, Balch & Bingham LLP & William Clark Watson, Balch & Bingham.

Infirmary Health System, Inc., Counter Claimant, represented by Alan T. Rogers, Balch & Bingham, Jeremy Lowery Retherford, Balch & Bingham LLP & William Clark Watson, Balch & Bingham.

PNC Bank, N.A., Counter Defendant, represented by Heather Ann Lee, Burr & Forman & Michael Leo Hall, Burr & Forman.

Presbyterian Retirement Corporation, Inc., d/b/a Westminster Village, Counter Claimant, represented by Stewart M. Cox, Bradley Arant Boult Cummings LLP.

PNC Bank, N.A., Counter Defendant, represented by Heather Ann Lee, Burr & Forman & Michael Leo Hall, Burr & Forman.

ORDER

WILLIAM H. STEELE, Chief District Judge.

This matter comes before the Court on plaintiff PNC Bank's Motion for Appointment of Receiver (doc. 3). The Motion has been briefed extensively and is now ripe for disposition.1

I. Background Facts.2

Defendant Presbyterian Retirement Corporation, Inc. ("Presbyterian") owns and operates Westminster Village, a not-for-profit continuing...

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