Legal Opinion
Branch Banking & Trust Co. v. M/Y Beowulf
District Court, S.D. Florida
Decided June 7, 2012No. Case No. 11-80692-CIVPublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM OPINION & FINAL JUDGMENT
DANIEL T.K. HURLEY, District Judge.
This is an in rem admiralty action to foreclose a first preferred ship mortgage claimed by plaintiff Branch Banking & Trust Co. of Virginia (“the Bank”) on the defendant vessel, the M/Y Beowulf (“the Beowulf’ or “the vessel”). The mortgage was given as security for a $1 million personal loan funded by the Bank in favor of James C. Sculley (now deceased), past President of Sculley Boatbuilders, Inc., the North Carolina corporation which built the vessel.
Shortly after Mr. Sculley executed the mortgage, Sculley Boatbuilders…
2Cases cited54 opinions
- In the Matter of Mobile Steel Company, Debtor. Elaine E. Benjamin v. Lester Y. Diamond, as Trustee in Bankruptcy for Mobile Steel, Inc.Court of Appeals for the Fifth Circuit · 1977
- Impossible Electronics Techniques, Inc. v. Wackenhut Protective Systems, Inc.Court of Appeals for the Fifth Circuit · 1982
- Casio, Inc. v. S.M. & R. Co., Inc.Court of Appeals for the Seventh Circuit · 1985
- Pennock v. CoeSupreme Court of the United States · 1860
- Ashland Oil, Inc. v. PickardDistrict Court of Appeal of Florida · 1972
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3Cited by1 opinion
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