LAZARD FRÈRES & CO. v. CROWN STERLING MANAGEMENT

No. 95 Civ. 2856 (MGC).

901 F.Supp. 133 (1995)

LAZARD FRÈRES & CO., Plaintiff, v. CROWN STERLING MANAGEMENT, INC., Defendant.

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

October 2, 1995.


Attorney(s) appearing for the Case

Wachtell, Lipton, Rosen & Katz by Marc Wolinsky, Michael Schwartz, Rachelle Silverberg, New York City, for Plaintiff.

Bickel & Brewer by William A. Brewer, III, Michael J. Collins, New York City, for Defendant.


OPINION

CEDARBAUM, District Judge.

Crown Sterling Management, Inc. ("Crown"), a Texas corporation with its principal place of business in California which owns, manages, licenses, and franchises hotel chains, entered into an agreement (the "Agreement") with Lazard Frères & Co. ("Lazard"), a partnership with no partners residing in either Texas or California. Pursuant to the Agreement, Lazard was to serve as "exclusive investment banker and...

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