ALLIANCE BOND FUND v. GRUPO MEXICANO DE DESARROLLO

No. 851, Docket 98-7549.

190 F.3d 16 (1999)

ALLIANCE BOND FUND, INC., Alliance World Dollar Government Fund II, Inc., Alliance Global Dollar Government Fund, Inc., Elliot Associates, L.P., Avalon Total Return Fund, L.P., the Varde Fund, L.P., the Varde Fund II-A, L.P., the Varde Fund II-B, L.P., the Varde Fund III-A, L.P., the Varde Fund III-B, L.P. and the Varde Fund IV-A, L.P., Plaintiffs-Counter-Defendants-Appellees, v. GRUPO MEXICANO DE DESARROLLO, S.A., Desarrollo de Infraestructura, S.A. de C.V., Obras y Proyectos, S.A. de C.V., Desarrollo Urbano Integral, S.A. de C.V. and Desarrollo Industrial Latino-Americano, S.A. de C.V., Defendants-Counter-Claimants-Appellants.

United States Court of Appeals, Second Circuit.

Decided August 20, 1999.


Attorney(s) appearing for the Case

Andrew J. Wertheim, Dale C. Christensen, Jr., New York, NY (Carolyn E. Bassani, Siobhan A. Handley, Orrick, Herrington & Sutcliffe LLP; John J. Galban, Seward & Kissel, on the brief), for Plaintiffs-Counter-Defendants-Appellees.

Scott S. Balber, New York, NY (Richard A. Mescon, Gerald M. Freedman, Morgan, Lewis & Bockius LLP, on the brief), for Defendants-Counter-Claimants-Appellants.

Before: WINTER, Chief Judge, and JACOBS and POOLER, Circuit Judges.


JACOBS, Circuit Judge:

Plaintiffs ("the noteholders") are United States investors who purchased notes issued by defendant Grupo Mexicano de Desarrollo, S.A. ("GMD"), one of several construction firms hired by private concessionaires that built Mexico's intercity toll roads in the early 1990s. Following defaults by the concessionaires on their debt to the construction firms, GMD defaulted on its notes. In 1997, the Government of Mexico implemented a Toll Road Rescue...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases