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INTERNATIONAL MINERALS AND RESOURCES v. PAPPAS

Nos. 931, 1053, Dockets 95-7328, 95-7732.

96 F.3d 586 (1996)

INTERNATIONAL MINERALS AND RESOURCES, S.A. and International Shipping Company, S.A., Plaintiffs-Counterdefendants-Appellants-Cross Appellees, and Lygren Maritime Services, S.A., Plaintiff-Counterdefendant, v. T. Peter PAPPAS, American General Resources, Inc. and A.L. Burbank Shipbrokers, Ltd., Defendants-Appellees, and Richard Jaross, Defendant-Counterclaimant-Appellee, and BOMAR RESOURCES, INC., Defendant-Appellee-Cross Appellant, v. Atle LYGREN, Additional Defendant on Counterclaim.

United States Court of Appeals, Second Circuit.

Decided September 6, 1996.

Attorney(s) appearing for the Case

Elliot Silverman, Gold & Wachtel, L.L.P., New York City (Robert Gold, of counsel) for Plaintiffs-Counterdefendants-Appellants-Cross Appellees.

Howard B. Sirota, Sirota & Sirota, New York City, for Defendant-Appellee-Cross Appellant.

John H. Doyle, III, Anderson Kill Olick & Oshinsky, P.C., New York City (Lisa M. Anastos, of counsel) for Defendant-Appellee Pappas.

Joseph D. Pizzurro, Curtis, Mallet-Prevost, Colt & Mosle, New York City, for Defendant-Appellee A.L. Burbank Shipbrokers.

Barry Golomb, Rivelis, Pawa & Blum, New York City, for Defendant-Counterclaimant-Appellee.

Robert E. Juceam, Fried, Frank, Harris, Shriver & Jacobson, New York City (Jack B. Gordon, of counsel) for amicus curiae The Baltic Exchange Limited.

Before: OAKES, WINTER, and WALKER, Circuit Judges.

WALKER, Circuit Judge:

This is an appeal by plaintiffs from certain orders and a grant of summary judgment in favor of defendants by the United States District Court for the Southern District of New York (Peter K. Leisure, District Judge ) (orders) and (Harold Baer, Jr. District Judge ) (summary judgment). Disappointed when the Brazilian Friendship, a vessel they believed they had contracted to buy, was sold to defendant T. Peter Pappas, plaintiffs sued...

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