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LOUISIANA RECORD

Wednesday, April 17, 2024

Synergy Bank alleges vessel owner owes millions

Contract 07

NEW ORLEANS – A Terrebonne Parish bank claims it is owed millions on a promissory note.

Synergy Bank filed a complaint on Jan. 18 in the U.S. District Court for the Eastern District of Louisiana against M/V Mr. Ernie alleging failure to fulfill contractual obligations.

According to the complaint, the plaintiff alleges that in December 2013, defendant's owner, Al-Kat Services LLC, executed a promissory note in the sum of $8.5 million payable to plaintiff. As of Jan. 17, 2017, the amount of $8,457,223.20 allegedly remains due and unpaid. The plaintiff holds M/V Mr. Ernie responsible because even after demand for payment, defendant's owner allegedly failed and refused to make payments for the said balance account.

The plaintiff requests a trial by jury and seeks an order that M/V Ernie be arrested, condemned and sold to pay plaintiff's claim, with interest, attorney's fees and costs and that all other persons and/or entities be barred from all rights and claims on the said vessel. It is represented by C. Berwick Duval II, Stanwood R. Duval and Kathryn W. Richard of Duval, Funderburk, Sundbery, Richard & Watkins in Houma.

U.S. District Court for the Eastern District of Louisiana Case number 2:17-cv-00416

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