Legal Opinion
Prudential Insurance Co. of America v. S.S. American Lancer
District Court, S.D. New York
Decided June 13, 1988No. 87 Civ. 5842PublishedCited by 5 opinions
1Opinion of the Court
MEMORANDUM AND ORDER IN ADMIRALTY
OWEN, District Judge:
General Electric Capital Corporation (GECC) holds a second mortgage on the U.S. Lines Lancer vessels. It moves for partial summary judgment declaring that Prudential Insurance Company’s $92,885,-000. first mortgage on eight Lancer vessels enjoys preferred status under the Ship Mortgage Act, 46 U.S.C. §§ 911 et seq. only to the extent of $92,885 due to a typographical error in a loan amendment to Prudential’s first mortgage omitting the last three “000”s. The loan amendment was recorded and entered by the Coast Guard on the Lancers’…
2Cases cited5 opinions
- In Re Pasquale Alberto, Debtor. Appeal of Maryland National BankCourt of Appeals for the Third Circuit · 1987
- Morgan Guaranty Trust Co. v. Hellenic Lines LimitedDistrict Court, S.D. New York · 1985
- Merchants National Bank of Mobile v. The Vessels Ward Rig No. 7Court of Appeals for the Fifth Circuit · 1981
- Seattle-First National Bank v. Bluewater PartnershipCourt of Appeals for the Ninth Circuit · 1985
- Lake Jackson State Bank v. Oil Screw Kingfish TooDistrict Court, S.D. Texas · 1965
3Cited by5 opinions
- Prudential Insurance v. DeweyAppellate Division of the Supreme Court of the State of New York · 1991
- Prudential Insurance Co. of America v. S.S. American LancerCourt of Appeals for the Second Circuit · 1989
- Branch Banking & Trust Co. v. M/Y BeowulfDistrict Court, S.D. Florida · 2012
- Metro-North Commuter Railroad v. Yonkers Contracting Co.Appellate Division of the Supreme Court of the State of New York · 1998
- The Prudential Insurance Company Of America v. S.S. American LancerCourt of Appeals for the Second Circuit · 1989