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MARGO NURSERY FARMS, INC.'S PUERTO RICO SUBSIDIARY FILES LAWSUIT AGAINST FIRST UNION NATIONAL BANK OF FLORIDA

 MIAMI, Nov. 24 ~PRNewswire~ -- Margo Farms Del Caribe, Inc. ("Del Caribe"), a wholly owned subsidiary of Margo Nursery Farms, Inc. (OTC) has filed a lawsuit in the U.S. District Court of Puerto Rico against First Union National Bank of Florida ("First Union"). In this action, Del Caribe alleges that First Union tortiously interfered with Del Caribe's claims process with E.I. du Pont de Nemours & Company ("DuPont") over damages Del Caribe sustained from the use of Benlate 50 DF, a fungicide manufactured by DuPont. In addition, Del Caribe alleges that First Union breached its fiduciary duty to Del Caribe. Del Caribe has demanded a trial by jury and asked for punitive damages equal to 10 percent of First Union's net worth. No trial date has been set.
 -0- 11~24~92
 ~CONTACT: Michael J. Spector of Margo Nursery Farms, 305-663-5600~


CO: Margo Nursery Farms Inc.; First Union National Bank of Florida;
 E.I. DuPont De Nemours and Company ST: Florida IN: CHM FIN SU:


JB-AW -- FL002 -- 0940 11~24~92 09:52 EST
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Publication:PR Newswire
Date:Nov 24, 1992
Words:174
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