Seattle-First National Bank v. O/S MADRONA

MEMORANDUM AND ORDER

VON DER HEYDT, Chief Judge.

This cause comes before the court upon the motion of plaintiff, Seattle-First National Bank, for judgment on the pleadings. Plaintiff contends that as a matter of law plaintiff intervenors, Maxand, MacDonald and Hansen are precluded from recovery against the defendant, the O/S Madrona, or, in the alternative, that plaintiff is entitled to priority, as a matter of law, in the disposition of any proceeds from the sale of the O/S Madrona.

This is an action in rem whereby plaintiff seeks to foreclose its preferred ship’s mortgage on the O/S Madrona.…