DARDAGANIS v. GRACE CAPITAL INC.

No. 85 Civ. 6135 (RWS).

684 F.Supp. 1196 (1988)

Theofanis DARDAGANIS, et al., As Trustees of the Retirement Fund of the Fur Manufacturing Industry, Plaintiffs, v. GRACE CAPITAL INC. and H. David Grace, Defendants.

United States District Court, S.D. New York.

April 14, 1988.


Attorney(s) appearing for the Case

Gaston Snow Beekman & Bogue, New York City (Christopher E. O'Brien, of counsel), Arent, Fox, Kintner, Plotkin & Kahn, Washington, D.C. (Ronald L. Castle, of counsel), for plaintiffs.

Robert E. Anderson, New York City, for defendants.


OPINION

SWEET, District Judge.

Plaintiff Trustees ("Trustees") of the Retirement Fund of the Fur Manufacturing Industry (the "Fund") have moved pursuant to Fed.R.Civ.P. 56 for an order granting summary judgment against defendants Grace Capital, Inc. ("Grace Capital") and H. David Grace (collectively, "Grace") on the issue of damages resulting from Grace's breach of his fiduciary duty as investment manager to the Fund. Upon the findings and conclusions set...

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