Venue: |
S.D.N.Y.
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Facts: |
Some paintings wirth $5M are held by Cohen. Both the Philippines
and Braemer assert a claim on the paintings. But wait, here
comes Imelda Marcos and she wants in on the action too! |
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Posture: |
Interpleader action so Cohen can get a court to declare who owns
the paintings and stop worring about owing both parties.
Marcos moves to intervene. |
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Issue: |
Grant the motion? |
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Holding: |
Yes. |
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Rule: |
The motion complies with the requirements of 24(a). |
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Reasoning: |
It's timely. She has an interest in the paintings. That interest will
be prejudiced by this action. Existing parties are unlikely to
protect her interest. |
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Dicta: |
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