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NYCAL CORP. v. INOCO PLC

No. 96 Civ. 7159(LAK).

968 F.Supp. 147 (1997)

NYCAL CORPORATION, Plaintiff, v. INOCO PLC and Downshire N.V., Defendants.

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

June 30, 1997.

Attorney(s) appearing for the Case

Jeffrey E. Glen, Deforest & Duer, New York City, for Plaintiff.

Jeffrey L. Braun, Rosenman & Colin, LLP, New York City, for Defendants.

MEMORANDUM OPINION

KAPLAN, District Judge.

This litigation is one of several that has arisen out of the 1991 sale by Inoco PLC ("Inoco") and Downshire N.V. ("Downshire") of a majority stake in Gulf Resources and Chemical Corporation ("Gulf") to plaintiff Nycal Corporation ("Nycal").

Defendants move to dismiss the complaint, or various counts therein, on four grounds. First, defendants contend, the...

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