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PODDAR v. STATE BANK OF INDIA

No. 98 Civ. 1691(MGC).

79 F.Supp.2d 391 (2000)

Shrikumar PODDAR, individually and as plan administrator and trustee; Mayurika Poddar, individually and as trustee; Vaishnava Center for Enlightenment, Inc., d.b.a. International Service Society; and India Foundation, Inc. on behalf of themselves and all others similarly situated, Plaintiffs, v. STATE BANK OF INDIA, Defendant.

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

January 11, 2000.

Attorney(s) appearing for the Case

McCarthy, Fingar, Donovan, Drazen & Smith, L.L.P., White Plains, NY, by, Daniel H. Williams, III, for Plaintiffs.

Kelly Drye & Warren LLP, New York City, by Paul F. Doyle, Kevin C. Walker, Michelle M. Graham, for Defendant.

OPINION

CEDARBAUM, District Judge.

Plaintiffs sue for breach of the terms of bonds purchased from defendant State Bank of India ("SBI"). SBI moves to dismiss the complaint on the ground of forum non conveniens. For the reasons that follow, the motion is denied.

BACKGROUND

Plaintiffs Shrikumar Poddar, Mayurika Poddar, Vaishnava Center for Enlightenment, Inc. and India Foundation, Inc. seek damages for breach of contract and unjust...

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