Legal Opinion
Morgan Guaranty Trust Co. v. M/V Hellenic Sun
District Court, D. Maryland
Decided March 26, 1984No. Civ. A. Nos. N 83-4049, N 83-4047 and N 83-4046PublishedCited by 3 opinions
1Opinion of the Court
NORTHROP, Senior District Judge.
Presently before this Court is a motion to set aside the sale of the M/V HELLENIC SUN. By Order of this Court, the vessel was sold on February 8, 1984 for a price of $4 million. The purchaser was the sole bidder, Morgan Guaranty Trust Company, as agent for the other syndicate banks. Counsel for the M/V HELLENIC SUN and her owner, Hellenic Lines, Inc., (hereinafter collectively referred to as “Hellenic”), now challenge the confirmation of the sale on the grounds that the price is unfairly inadequate.
Until a sale in admiralty is confirmed by a court order, it may…
2Cases cited5 opinions
- Ballentyne v. SmithSupreme Court of the United States · 1907
- Wong Shing v. M/V Mardina TraderCourt of Appeals for the Fifth Circuit · 1977
- Alfred J. Ghezzi, Jr. v. Foss Launch and Tug CompanyCourt of Appeals for the Ninth Circuit · 1963
- American Tramp Shipping and Development Corporation v. Coal Export CorporationCourt of Appeals for the Fourth Circuit · 1960
- American Trading & Production Corp. v. ConnorCourt of Appeals for the Fourth Circuit · 1940
3Cited by3 opinions
- Kopac International, Inc. v. M/V Bold VentureDistrict Court, W.D. Washington · 1986
- Canton Port Services, LLC v. M/V Snow BirdDistrict Court, D. Maryland · 2010
- Farm Credit East, ACA v. F/V Market Price (O.N. 1275363), in rem, et al.District Court, D. New Jersey · 2026