Morgan Stanley Smith Barney, LLC v. Gibraltar Private Bank & Trust Co.
District Court of Appeal of Florida
1Opinion of the CourtSuarez, J.
Garnishee Morgan Stanley Smith Barney, LLC, (“Morgan Stanley”) appeals from an order denying a motion for rehearing of its motion to quash service of process and requiring Morgan Stanley to pay an amount equal to funds released by it after disputed service of a Writ of Garnishment. We reverse.
The judgment creditor is Gibraltar Private Bank & Trust Co. (“Gibraltar”). A Final Judgment of Foreclosure on certain properties held by the judgment debtors was issued by the trial court and the subject properties were later sold at a foreclosure sale for $1,600,100.00. Gibraltar was then owed…
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