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THOMAS DE LA RUE AG v. U.S. BANKNOTE CORP.

No. 94 Civ. 7925(MGC).

979 F.Supp. 968 (1997)

THOMAS DE LA RUE AG, Plaintiff, v. UNITED STATES BANKNOTE CORPORATION, Defendant.

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

September 19, 1997.

Attorney(s) appearing for the Case

Winthrop, Stimson, Putnam & Roberts, New York City by David G. Keyko, Peter D.C. Mason, Takemi Ueno, for Plaintiff.

Weil, Gotshal & Manges L.L.P., New York City by Dennis J. Block, Richard L. Levine, Suzanne J. Romajas, for Defendant.

OPINION

CEDARBAUM, District Judge.

This action arises out of United States Banknote Corporation's purchase of Thomas De La Rue Grafica é Servicos Limitada ("Grafica"), a Brazilian subsidiary of Thomas De La Rue AG ("TDLR"). The transaction is memorialized in a Stock Purchase Agreement (the "Agreement") dated June 7, 1993, between Banknote and TDLR. Pursuant to the Agreement, Banknote paid $45 million to TDLR for Grafica, of which $38 million...

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