VIC FRANCK'S BOAT CO., INC. v. Yacht Sunchaser III

BEEKS, Senior District Judge.

Plaintiff brought this action in rem and in personam seeking to foreclose a maritime lien and collect the balance due under an oral contract to repair, and remodel defendant’s yacht SUNCHASER III. Defendant denied owing any further sums under the contract and brought an in personam counter-claim for overpayments made on the contract, lost profits for breach of the contract’s due date, and damages resulting from alleged unfair trade practices.

The vessel was arrested and later released following the posting of adequate security on the plaintiff’s claim by defendant,…