Burnett v. Luquillo Beach Development Co.

OPINION AND ORDER

TORRUELLA, District Judge.

These suits are the consequence of the Medusa-like dealings of diverse lenders, borrowers, brokers, partners and stockholders, several of which wore different hats at the same time. The subject matter of these manipulations concerns the financing by C.N.A. Mortgage Investors, Ltd.1 (hereinafter referred to as “CNA”) of a condominium complex in Luquillo, Puerto Rico on land owned2 by Luquillo Beach Development Co., Inc., (hereinafter referred to as “Luquillo Beach”).

The consolidated cases originally contained a litany of claims, counterclaims, third…