Dietram Varadhachary, et al. v. Thomas “Joey” Medina, et al.; Honey Skivolocke, et al. v. Raymond James and Associates, Inc.

CourtDistrict Court, N.D. Alabama
DecidedMay 13, 2026
Docket5:25-cv-01904
StatusUnknown

This text of Dietram Varadhachary, et al. v. Thomas “Joey” Medina, et al.; Honey Skivolocke, et al. v. Raymond James and Associates, Inc. (Dietram Varadhachary, et al. v. Thomas “Joey” Medina, et al.; Honey Skivolocke, et al. v. Raymond James and Associates, Inc.) is published on Counsel Stack Legal Research, covering District Court, N.D. Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Dietram Varadhachary, et al. v. Thomas “Joey” Medina, et al.; Honey Skivolocke, et al. v. Raymond James and Associates, Inc., (N.D. Ala. 2026).

Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF ALABAMA NORTHEASTERN DIVISION DIETRAM VARADHACHARY, ) et al., ) ) Plaintiffs, ) ) vs. ) Civil Action No. 5:25-cv-1904-CLS ) THOMAS “JOEY” MEDINA et al., ) ) Defendants. ) ) _____________________________ ) ) HONEY SKIVOLOCKE et al., ) ) Counterclaim & Cross-claim ) Plaintiffs, ) ) vs. ) ) RAYMOND JAMES AND ) ASSOCIATES, INC., ) ) Counterclaim Defendant, ) ) DIETRAM VARADHACHARY, et al., ) ) Cross-claim Defendants. ) MEMORANDUM OPINION The amended complaint in interpleader filed under 28 U.S.C. § 1335 by plaintiff, Raymond James and Associates, Inc., asks the court to determine the rights of six defendants to the funds in Raymond James’ “Transfer on Death Account No. XXXX2631,” owned by Mark Alexander McGarr during his lifetime, but who now is deceased.1 The six defendants named in the amended complaint are: Thomas “Joey” Medina; Lourdes “Inez” Roque; Honey M. Skivolocke; Dietram

Varadhachary; Emily Graham Andrews; and, Jeneffer Planes. This court previously determined that Raymond James had satisfied two of the three jurisdictional prerequisites for an interpleader action based upon 28 U.S.C. §

1335: that is, Raymond James had shown (1) that it had “in its custody or possession money or property of the value of $500 or more,” and (2) that there were two or more adverse claimants, of diverse citizenship. Even so, Raymond James had not satisfied the third jurisdictional prerequisite: the requirement that it either deposit the disputed

funds into the registry of the court, or post a suitable bond.2 See doc. no. 49 (Order entered April 28, 2026), at 7-9. Following consideration of the submissions of Raymond James and cross-claim plaintiffs Thomas Joseph Medina, Lourdes Inez

Roque, and Honey M. Skivolocke addressing the question of whether it was feasible

1 Doc. nos. 1 (Complaint in Interpleader) & 4 (Amended Complaint in Interpleader). 2 The interpleader statute, 28 U.S.C. § 1335, confers jurisdiction on the district courts if, in addition to the foregoing requisites: [T]he plaintiff has deposited such money or property or has paid the amount of or the loan or other value of such instrument or the amount due under such obligation into the registry of the court, there to abide the judgment of the court, or has given bond payable to the clerk of the court in such amount and with such surety as the court or judge may deem proper, conditioned upon the compliance by the plaintiff with the future order or judgment of the court with respect to the subject matter of the controversy. 28 U.S.C. § 1335(a)(2) (emphasis supplied). 2 to deposit the funds previously held in McGarr’s Transfer on Death account into the court’s registry, or whether a bond should be required (and, if so, the appropriate

amount of such bond), the court ordered Raymond James to deposit in the court’s registry, no later than May 11, 2026, a bond in the amount of $90,000. Doc. no. 53. Raymond James complied with that order on May 11, 2026. Doc. no. 54 (Notice of

Deposit of Cash Bond). Therefore, all jurisdictional requirements of 28 U.S.C. § 1335 have been satisfied.3 Accordingly, this court now proceeds to address the following motions: (1) the amended motion of defendant and cross-claim defendant Jeneffer Planes to set aside

the clerk’s entry of default (doc. no. 45); and (2) the motion of cross-claim plaintiffs Thomas Medina, Lourdes Roque, and Honey Skivolocke for default judgment, and judgment on the pleadings or, in the alternative, motion for summary judgment (doc.

no. 36). I. PROCEDURAL BACKGROUND A. Interpleader Action Raymond James and Associates, Inc., commenced this action on November 3,

2025, by filing a complaint in interpleader against four defendants — i.e., Thomas “Joey” Medina, Lourdes “Inez” Roque, Honey Skivolocke, and Dietram Varadhachary

3 Raymond James was discharged from liability to the interpleader defendants upon the deposit of the bond into the court’s registry. See doc. no. 53 (Order entered May 6, 2026), at 5. 3 — and seeking a determination under 28 U.S.C. § 1335 of each defendant’s respective rights to the account owned by Mark Alexander McGarr during his lifetime (i.e.,

Raymond James Account No. XXXX2631), and asking to be dismissed from the action. Doc. no. 1. Three days later, however, Raymond James amended its complaint to add two defendants: Emily Graham Andrews; and, Jeneffer Planes.

Doc. no. 4 (November 6, 2025 Amended Complaint in Interpleader). The allegations of that amended complaint were summarized in the order entered on April 28, 2026 (doc. no. 49), but they are reproduced below for the purpose of providing context for discussion of the motions addressed in this memorandum opinion.

Mark Alexander McGarr opened a brokerage account with Raymond James on November 5, 2007.4 More than fifteen years later (i.e., on August 1, 2023), Mr. McGarr executed a “Transfer on Death Agreement” in relation to that account.5 The

2023 Agreement provided that, upon McGarr’s death, the account assets were to be distributed among three beneficiaries in the following proportions: forty percent to Emily Graham Andrews; forty percent to Jeneffer Planes; and, twenty percent to Dietram Seevaram Varadhachary.6

Two years later, however (i.e., on August 4, 2025), McGarr executed a revised 4 Doc. no. 4 (Amended Complaint in Interpleader) ¶ 11. 5 Id. ¶ 13; see also doc. no. 4-3 (Transfer on Death Agreement dated Aug. 1, 2023). 6 Doc. no. 4 (Amended Complaint in Interpleader) ¶¶ 11, 13; see also doc. no. 4-3 (Transfer on Death Agreement dated Aug. 1, 2023). 4 Transfer on Death Agreement which provided that, upon his death, the account assets were to be distributed among four beneficiaries in the following proportions: seventy

percent to Honey M. Skivolocke; ten percent to Thomas Joseph Medina; ten percent to Lourdes Inez Roque; and, ten percent to Dietram Seevaram Varadhachary.7 NOTE WELL: Emily Graham Andrews and Jeneffer Planes were eliminated as beneficiaries

of any portion of McGarr’s account by his revised, August 4, 2025 Transfer on Death Agreement; and, Dietram Seevaram Varadhachary was the only beneficiary common to both agreements, but his percentage of account assets was reduced from twenty, to ten percent by the terms of the revised, 2025 agreement.

Mark Alexander McGarr died shortly after executing his revised agreement, on September 17, 2025.8 Following his death, Raymond James transferred the funds in brokerage

account No. XXXX2631 to four other Raymond James accounts, in accordance with the terms of McGarr’s revised, 2025 Transfer on Death Agreement: i.e., seventy percent of the account assets were deposited to an account designated for defendant Honey M. Skivolocke; ten percent into an account designated for defendant Thomas

Joseph Medina; ten percent into an account designated for defendant Lourdes Inez

7 Doc. no. 4 (Amended Complaint in Interpleader) ¶ 14; see also doc. no. 4-4 (Transfer on Death Agreement dated Aug. 4, 2025). 8 Doc. no. 4 (Amended Complaint in Interpleader) ¶ 15. 5 Roque; and, ten percent into an account designated for defendant Dietram Seevaram Varadhachary.9

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Dietram Varadhachary, et al. v. Thomas “Joey” Medina, et al.; Honey Skivolocke, et al. v. Raymond James and Associates, Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/dietram-varadhachary-et-al-v-thomas-joey-medina-et-al-honey-alnd-2026.