ARCADIAN PHOSPHATES, INC. v. ARCADIAN CORP.

No. 1282, Docket 89-7277.

884 F.2d 69 (1989)

ARCADIAN PHOSPHATES, INC., Judas Azuelos, and Eli Sivan, Appellants, v. ARCADIAN CORPORATION, Appellee.

United States Court of Appeals, Second Circuit.

Decided September 1, 1989.


Attorney(s) appearing for the Case

Edwin B. Mishkin, Cleary, Gottlieb, Steen & Hamilton, New York City (Judith A. Ripps, Jessica Sporn Tavakoli, Frances V. Bouchoux, of counsel), for appellants.

Peter J. Gartland, Donovan Leisure Newton & Irvine, New York City (Stephen D. Houck, Cloyd Laporte III, of counsel), for appellee.

Before OAKES, Chief Judge, VAN GRAAFEILAND and PRATT, Circuit Judges.


OAKES, Chief Judge:

This appeal is from a judgment in a diversity suit involving claims for breach of contract and promissory estoppel. The claims are based on a memorandum which described the sale of a fertilizer company's phosphate fertilizer business to a joint venture. The appellants — the potential purchasers, consisting of the joint venture and two individuals involved in its formation — claim that the...

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