Destileria Nacional, Inc. v. Porfirio E. Diaz-Torres, et al.

CourtUnited States Bankruptcy Court, D. Puerto Rico
DecidedFebruary 10, 2021
Docket19-00426
StatusUnknown

This text of Destileria Nacional, Inc. v. Porfirio E. Diaz-Torres, et al. (Destileria Nacional, Inc. v. Porfirio E. Diaz-Torres, et al.) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, D. Puerto Rico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Destileria Nacional, Inc. v. Porfirio E. Diaz-Torres, et al., (prb 2021).

Opinion

1 IN THE UNITED STATES BANKRUPTCY COURT 2 FOR THE DISTRICT OF PUERTO RICO

3 IN RE: CASE NO. 15-06573 (MCF)

4 DITO, INC. CHAPTER 7

Debtor 6

7 ADVERSARY CASE NO. 19-00426 DESTILERIA NACIONAL, INC. 8 Plaintiff, 9 v. 10 PORFIRIO E. DIAZ-TORRES, et al. 11

12 Defendants

14 OPINION AND ORDER 15 The question here is whether the bankruptcy court has jurisdiction to entertain 16 a dispute between third parties wherein the bankruptcy estate and the debtor are not 17 involved or affected by the outcome. 18 19 The Plaintiff, Destilería Nacional, Inc., (hereinafter “DNI”) filed the instant 20 adversary proceeding against the Defendants, Porfirio E. Diaz-Torres; Porfirio Diaz 21 Romero, his wife Lillian Ivette Rodríguez de Armas and the conjugal partnership 22 comprised by them; Iraida Diaz Romero; and Luis E. Diaz Romero, his wife Elba de 23 Lourdes Rios-Prado and the conjugal partnership comprised by them; (hereinafter 24 collectively referred to as the “Diaz Family”)1 and the Chapter 7 Trustee, Wigberto 25 Lugo Mender (hereinafter “Trustee”), as sole representative of the bankruptcy estate. 26

27 1 Co-defendants Porfirio Díaz Romero, Iraida Díaz Romero and Luis E. Díaz Romero are the heirs of Iraida E. Romero- Veintidós, the late wife of co-defendant Porfirio Diaz Romero. DNI’s complaint is composed of five counts: Count I, to declare a local court 1 judgment null and void because the matter decided by that court was under the 2 bankruptcy court’s core jurisdiction; Count II, to declare that the Trustee did not 3 duly abandon the cause of action that produced the local court judgment; Count III, 4 determine that Dr. Porfirio E. Diaz-Torres breached his fiduciary and loyalty duties 5 to the chapter 7 debtor, DITO, Inc.; Count IV, for damages in an amount of two 6 million dollars; and Count V, to declare that no contract was perfected between DNI 7 and the Diaz Family. The parties filed cross motions for summary judgment, 8 oppositions and replies. 9 10 For the reasons stated herein, the court holds that the bankruptcy court has no 11 jurisdiction over this third-party dispute. Both DNI (plaintiff) and the Diaz Family 12 (co-defendants) are all third parties unrelated to the bankruptcy case. The inclusion 13 of the Chapter 7 Trustee in this litigation was merely proforma because he is the 14 representative of DITO Inc.’s estate. DNI seeks to revoke an adverse local court 15 action that has no effect on the bankruptcy estate. Even if this court has jurisdiction, 16 the complaint seeks to relitigate issues that were already presented in Puerto Rico’s 17 courts and as such it is barred by the doctrine of collateral estoppel. Consequently, 18 the Plaintiff’s motion for summary judgment is denied and the complaint is 19 dismissed. 20 I. SUMMARY JUDGMENT STANDARD 21 22 Under Fed. R. Civ. P. 56, made applicable in bankruptcy by Fed. R. Bankr. P. 23 7056, a summary judgment is available if the pleadings, depositions, answers to 24 interrogatories, and admissions on file, together with the affidavits, if any, show that 25 there is no genuine issue as to any material fact and that the moving party is entitled 26 to a judgment as a matter of law. Fed. R. Civ. P. 56(c); Borges ex rel. S.M.B.W. v. 27 Serrano-Isern, 605 F.3d 1, 4 (1st Cir. 2010). Summary judgment is appropriate for piercing the pleadings and assessing the proof in order to determine whether a trial 1 is required. Celotex Corp. v. Catrett, 477 U.S. 317, 323-24 (1986). It is proper to 2 enter summary judgment when the movant shows that there are no genuine disputes 3 of material fact and as a consequence the movant is entitled to judgment as a matter 4 of law. Id. at 322; Policastro v. Northwest Airlines, Inc., 297 F.3d 535, 538 (6th Cir. 5 2002). When both parties move for summary judgment, each party must carry its 6 own burden of proof as the moving party in its cross motions and as the nonmoving 7 party in response to the other party’s motion. Wells Real Estate Inv. Trust II, Inc., 8 615 F.3d 45, 51 (1st Cir. 2010). If there are no disputed material facts, only one party 9 is entitled to judgment as a matter of law. Encanto Rests., Inc. v. Aquino Vidal (In 10 re Cousins Int’l Food Corp.), 553 B.R. 197, 205 (Bankr. D.P.R. 2016). This matter 11 is appropriate for summary judgment disposition as there are no material facts in 12 dispute and it is a matter of law. In re Colarusso, 382 F.3d 51 (1st Cir. 2004) (citing 13 Celotex, 477 U.S. at 322-323); Vega-Rodriguez v. Puerto Rico Tel. Co., 110 F.3d 14 174, 178 (1st Cir. 1997). 15 II. UNDISPUTED MATERIAL FACTS 16 1. DITO, Inc. (hereinafter “Debtor”) is a corporation created by co-defendant 17 Dr. Porfirio E. Diaz-Torres to operate Old Harbor Brewery, a microbrewery and 18 restaurant business. 19 2. Dr. Diaz-Torres was the President of the Debtor. 20 3. On September 29, 2006, Debtor executed a loan agreement with the Economic 21 Development Bank for Puerto Rico (hereinafter “EDB”) for an amount of 22 $2,970,000.00. The loan agreement was secured through a security agreement in 23 which the Debtor pledged its entire movable property to EDB. 24 4. Dr. Diaz-Torres and his wife late wife Iraida E. Romero-Veintidós 25 (hereinafter “Diaz-Romero Couple”), were co-signors to the loan agreement and 26 27 became joint and several guarantors.2 They further secured the loan agreement with 1 five mortgage notes encumbering properties of the Diaz-Romero Couple, among 2 those: their residential property in the municipality of Guaynabo; a beach house 3 located in the municipality of Naguabo; an apartment in the Caimito neighborhood 4 in the municipality of San Juan; an apartment in the municipality of Arroyo; and Dr. 5 Diaz-Torres’ medical office in the Rio Piedras neighborhood of the Municipality of 6 San Juan. 7 5. In 2014, the Debtor defaulted under the terms of the loan agreement and EDB 8 filed a money collection and foreclosure action in the Commonwealth of Puerto 9 Rico, Court of First Instance, San Juan Part, against the Debtor and the Diaz-Romero 10 Couple (hereinafter “First Local Court Action”).3 11 6. On October 27, 2014, EDB offered Dr. Diaz-Torres the opportunity to cancel 12 the debt by paying $655,000 on or before December 31, 2014. (Docket No. 87-1 at 13 7). 14 7. On August 17, 2015, EDB obtained a favorable judgment in the First Local 15 Court Action. The judgment ordered the Debtor and the Diaz-Romero Couple to pay 16 EDB the sum of $4,061,783.34 and authorized the foreclosure of EDB’s collateral 17 involving the Debtor’s personal property, and the Diaz-Romero Couple’s real 18 property. 19 8. On August 27, 2015, the Debtor filed a voluntary petition under chapter 11 of 20 the Bankruptcy Code.4 The Diaz-Romero Couple did not file for bankruptcy. 21 22 9. Dr. Diaz sought for investors to pay certain debts of the Debtor. The Diaz- 23 Romero Couple was joint and severally liable for these same debts.

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Destileria Nacional, Inc. v. Porfirio E. Diaz-Torres, et al., Counsel Stack Legal Research, https://law.counselstack.com/opinion/destileria-nacional-inc-v-porfirio-e-diaz-torres-et-al-prb-2021.