Divine Mercy, LLC

Filing 8

ORDER granting 5 Motion to Authorize Security. Signed by Chief Judge James C. Dever III on 6/6/2017. (Briggeman, N.)

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-UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NORTH CAROLINA (; Eastern Division -In Admiralty IN THE MATTER OF THE COMPLAINT OF DIVINE MERCY, LLC AS OWNER OF THE FISHING VESSEL DIVINE MERCY Civil Action No. t{: 11 .. (V- 7 7 ... ]:) ORDER ACCEPTING SECURITY Limitation Plaintiffs Motion to Authorize Security is ALLOWED. Limitation Plaintiff is DIRECTED to provide a letter of undertaking in the amount of Five Hundred Thou~and Dollars ($500,000.00), plus interest at the rate of 6% per annum and any costs not previously stipulated to by Limitation Plaintiff. Limitation Plaintiffs Letter of Undertaking, "Exhibit A" to Limitation Plaintiffs Memorandum in Support of Motion to Authorize Security, provided by Limitation Plaintiffs underwriter, Sunderland Marine Insurance Company Limited, and submitted along with the Motion to Authorize Security shall suffice as satisfaction of the requirement that Limitation Plaintiff post security, pursuant to 46 U.S.C. ยงยง 30501 et seq., and Supplemental Rule F(l), Federal Rules of Civil Procedure. , As acknowledged therein, the Letter "in no way res~ricts or limits the right of any claimant to challenge the value of the vessel at issue, or to seek additional security should the value of the vessel be determined by the court to be in excess of $500,000." SO ORDERED. This~ day of June, 2017. JAMkc. DEVER III Chief United States District Judge 1 WE ASK FOR THIS Is/ David N. Ventker David N. Ventker (NC Bar No. 26028) Marissa M. Henderson (NC Bar No. 46822) Ventker Henderson, PLLC 256 West Freemason Street Norfolk, Virginia 23510 Telephone: 757.625.1192 Facsimile: 757.625.1475 dventker@ventkerlaw.com mhenderson@ventkerlaw.com Counsel for DIVINE MERCY, LLC 2

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