CMI Capital Market Investment, LLC v. Municipality of Bayamon
District Court, D. Puerto Rico
1Opinion of the Court
ORDER DISMISSING CLAIMS ASSERTED AGAINST THE GOVERNMENT DEVELOPMENT BANK
ACOSTA, District Judge.
Plaintiffs 1 instituted these proceedings against the Government Development Bank (“GDB” or “the Bank”), and the Municipality of Bayamón (“Bayamón”) seeking declaratory judgment as well as claiming breach of contract and collection of monies. Plaintiffs also demand both contractual and tort damages. Plaintiffs’ causes of actions arise from the default on three finance lease agreements entered into by two agencies of the Puerto Rico Government 2 and by codefendant the Municipality of Bayamón. All…
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