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  5. 992 F.Supp. 367 (1998)
 

COMPOSITE HOLDINGS v. WESTINGHOUSE ELEC. CORP.

No. 97 Civ. 8016 (LAK).

992 F.Supp. 367 (1998)

COMPOSITE HOLDINGS, L.L.C., et al., Plaintiffs, v. WESTINGHOUSE ELECTRIC CORPORATION, et al., Defendants.

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

January 26, 1998.

Attorney(s) appearing for the Case

William B. Pollard, III, David S. Douglas, Ina Bort, Kornstein, Veisz & Wexler, LLP, New York City, for Plaintiffs.

James L. Sonageri, Sonageri & Fallon, Hackensack, NJ, Paul A. Manion, Robert D. Finkel, Manion McDonough & Lucas, P.C., Pittsburgh, PA, for Defendants.

MEMORANDUM OPINION

KAPLAN, District Judge.

The question presented by this motion is whether the plaintiffs (collectively "Composite") have alleged a legally sufficient basis for avoiding a forum selection clause contained in an agreement by which they purchased a business from defendants (collectively "Westinghouse").

Facts

In December 1996, Composite purchased the Wittnauer watch business from Westinghouse for $27.35 million pursuant...

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