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TRUMPET VINE INV. v. UNION CAPITAL PARTNERS I

No. 95-4520.

92 F.3d 1110 (1996)

TRUMPET VINE INVESTMENTS, N.V., Nacional Financiera, S.N.C., Plaintiffs-Counter Defendants-Appellees, Polly Peck International P.L.C., P.P.I. (Holdings) B.V., P.P.I. Delmonte Fresh Produce B.V., Counter-Defendants, Jorge Aguilar, Enrique Portilla, Alejandro Portilla, William Van Diepen and William Levin, Counter-Defendants-Appellees, v. UNION CAPITAL PARTNERS I, INC., Defendant-Counterclaimant-Appellant.

United States Court of Appeals, Eleventh Circuit.

August 28, 1996.

Attorney(s) appearing for the Case

Gary A. Magnarini, Hicks, Anderson & Blum, Mark Hicks, Miami, FL, for Appellant.

Mark P. Schnapp, Greenberg, Traurig, Hoffman, Lipoff, Rosen & Quentel, P.A., Miami, FL, Robert A. Atkins, Paul, Weiss, Rifkind, Wharton and Garrison, Daniel J. Beller, Sidney S. Rosdeitcher, New York City, for Appellees.

Before COX and BARKETT, Circuit Judges, and BRIGHT, Senior Circuit Judge.

BRIGHT, Senior Circuit Judge.

This case arises from the 1992 sale of P.P.I. Del Monte Fresh Produce B.V. (Del Monte) to Trumpet Vine Investments, N.V. (Trumpet Vine). Trumpet Vine is a Netherlands Antilles corporation organized by Mexican investors for the purpose of acquiring Del Monte. Trumpet Vine's bid was supported by financing from Nacional Financiera, S.N.C. (NAFINSA), a state-owned economic development bank in Mexico. After the takeover bid was announced,...

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