RULING

SHELLY D. DICK, Chief District Judge.

Before the Court is the Second Motion for Leave to Deposit Funds into Registry of the Court1 by Excel Contractors, LLC ("Excel"). The Motion is unopposed.

I. BACKGROUND2

FUFC filed a Complaint3 on December 21, 2018 against Excel Contractors, alleging that after FUFC purchased the accounts receivable of Superior Disaster Relief, LLC ("Superior"), FUFC acquired invoices submitted to Excel by Superior. Because Superior had failed to pay for various goods and services, Excel became aware that multiple material suppliers hold or may hold claims against it due to Superior's failure to pay for the goods and services supplied. In summary, various suppliers in Puerto Rico sold materials to Superior, who then invoiced Excel for the materials. Superior then sold those invoices to FUFC, who now has filed suit seeking to compel Excel to pay it for the materials sold by the various suppliers in Puerto Rico. Consequently, because the funds sought by FUFC and potentially by the Puerto Rican suppliers are common in origin, Excel has filed for statutory interpleader4 and seeks to deposit funds into the registry of the Court.

II. LAW AND ANALYSIS

An interpleader action is an equitable action involving a disinterested plaintiff-stakeholder who either is, or may be, exposed to multiple liability or multiple litigation over an identifiable fund to which there are two or more mutually inconsistent claims.5 The purpose of interpleader is to enable the plaintiff, who is also the stakeholder, to avoid "the burden of unnecessary litigation or the risk of loss by the establishment of multiple liability when only a single obligation is owing."6 Courts possess broad discretion in interpleader actions.7 There are two methods of interpleader in federal courts: rule interpleader under FED. R. CIV. P. 22 and statutory interpleader under 28 U.S.C. § 1335. Here, Excel has filed a statutory interpleader action, which requires the following: (1) Excel must file an action concerning $500 or more; (2) Excel must deposit the funds in the registry of the court; (3) two or more adverse claimants assert or may assert entitlement to the funds; and (4) the claimants must be minimally diverse.8

The Court finds that the requirements for statutory interpleader are met here. Excel seeks to deposit $605,517.56 into the registry of the Court.9 More than two claimants have claimed or may claim entitlement to the funds that Excel seeks to deposit: FUFC, Superior Disaster Relief LLC, Scott Butaud, and the various Puerto Rican defendants— namely, LA Electrical Inc., Maderas 3C Inc., Lanco Manufacturing Corporation, and Enco Manufacturing Corporation—have an interest in the funds and have claimed or will claim entitlement to the funds.10 These claimants are minimally diverse, as there exists diversity between at least two claimants regardless of co-citizenship between other rival claimants.11

III. CONCLUSION

For the reasons set forth above, the unopposed Motion to Deposit Funds12 filed by Excel Contractors, LLC is GRANTED.