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ATLANTIC GYPSUM CO., INC. v. LLOYDS INTERN. CORP.

No. 89 Civ. 8113 (MBM).

753 F.Supp. 505 (1990)

ATLANTIC GYPSUM COMPANY, INC., GNK Enterprises, Inc., Kahn Lumber & Millwork Co., Inc., Polaris Properties, Inc., Gerhard Kahn and Regina Kahn, husband and wife, and Gerhard Kahn, individually, Plaintiffs, v. LLOYDS INTERNATIONAL CORPORATION, individually and as agent, United Jersey Bank, individually and as agent, Barclays Bank Plc, Lloyds Bank Plc, DnC America Banking Corporation, Woodward & Dickerson, Inc., Flakt, Inc., and Gary Riddell, Defendants.

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

December 20, 1990.

Attorney(s) appearing for the Case

Barry Golomb, Goddard and Blum, New York City, for plaintiffs.

Philip H. Schaefer, Richard J. Holwell, Kathryn L. Bedke, Andrew P. Langhoff, Robert R. Lucic, White & Case, New York City, for defendants LIC, UJB, Barclays, Lloyds, DNC and Gary Riddell.

Charles F. Schirmeister, John Paul Giacalone, Reid & Priest, New York City, for defendant Flakt, Inc.

Donald Da Parma, New York City, for defendant Woodward & Dickerson.

OPINION AND ORDER

MUKASEY, District Judge.

This case is one of at least seven actions arising out of plaintiffs' inability to repay loans by defendants that financed construction of a gypsum wallboard manufacturing plant.1 Plaintiffs have asserted various state law claims for breach of fiduciary duty, breach of contract, common law fraud, tortious interference with contracts, and usury, and have infused this apparently ordinary...

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