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STV ENGINEERS, INC. v. GREINER ENGINEERING, INC.

Nos. 88-1141, 88-1150.

861 F.2d 784 (1988)

STV ENGINEERS, INC., Appellant No. 88-1141 v. GREINER ENGINEERING, INC., Callahan, Frank T., Bowen, William H., Cleveland, Russell, Lenagh, Thomas H., Meyers, Harold J., Serafine, E. Max, Costello, Robert L. Sawyer, James, Militello, Sam, and Gunther, William E., Jr. STV ENGINEERS, INC., v. GREINER ENGINEERING, INC., Callahan, Frank T., Bowen, William H., Cleveland, Russell Lenagh, Thomas H., Meyers, Harold J., Serafine, E. Max, Costello, Robert L. Sawyer, James, Militello, Sam, and Gunther, William E., Jr. Appeal of GREINER ENGINEERING, INC.

United States Court of Appeals, Third Circuit.

Decided November 14, 1988.

Rehearing and Rehearing Denied December 9, 1988.

Attorney(s) appearing for the Case

Philip P. Kalodner (argued), Philadelphia, Pa., for appellant/cross appellee STV Engineers, Inc.

Raymond K. Denworth, Jr. (argued), Mark M. Wilcox, Lawrence A. Nathanson, Drinker Biddle & Reath, Philadelphia, Pa., for appellee/cross appellant Greiner Engineering, Inc.

Before SLOVITER, GREENBERG and COWEN, Circuit Judges.

Rehearing and Rehearing In Banc Denied December 9, 1988.

OPINION OF THE COURT

COWEN, Circuit Judge.

I.

In this case, STV Engineers, Inc. ("STV") seeks damages for an alleged breach of a provision of a Letter of Intent it signed with defendant Greiner Engineering, Inc. ("Greiner"). The Letter of Intent expressed a preliminary agreement between STV and Greiner that STV would acquire Greiner for a particular price. The provision at issue is...

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