TAMPA PIPELINE TRANSPORT COMPANY v. CHASE MANHATTAN SERV.

No. 94-54-CIV-T-21(B).

928 F.Supp. 1568 (1995)

TAMPA PIPELINE TRANSPORT COMPANY, et al., Plaintiffs, v. CHASE MANHATTAN SERVICE CORPORATION, Defendant.

United States District Court, M.D. Florida, Tampa Division.

March 27, 1995.


Attorney(s) appearing for the Case

Richard Michael Zabak, Shackleford, Farrior, Stallings & Evans, P.A., Tampa, FL, for plaintiffs.

John H. Rains, III, Annis, Mitchell, Cockey, Edwards & Roehn, P.A., Tampa, FL, for defendant.


OPINION

THOMAS G. WILSON, United States Magistrate Judge.

This case, which features an unusual issue of mitigation of damages, arises from the remarkable misplacement of two promissory notes with a face value of more than 11 million dollars. The misplacement of the notes aborted a transaction which would have reduced the notes' interest rates. The plaintiffs, who are the makers of the notes, sued the defendant for breach of an agreement to assign...

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