GABRIEL CAPITAL, L.P. v. NATWEST FINANCE, INC.

No. 99 CIV. 10488(SAS).

177 F.Supp.2d 169 (2001)

GABRIEL CAPITAL, L.P., a Delaware Limited Partnership, and Ariel Fund Ltd., a Cayman Islands Corporation, Plaintiffs, v. NATWEST FINANCE, INC., f/k/a Gleacher Natwest Inc.; Natwest Capital Markets Limited; National Westminster Bank PLC; McDonald Investments Inc, f/k/a McDonald & Company Securities, Inc.; and Steel Dynamics Inc., Defendants.

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

October 4, 2001.


Attorney(s) appearing for the Case

James R. Safley, Esq., Thomas B. Hatch, Esq., Randall Tietjen, Esq., Corey L. Gordon, Esq., Robins, Kaplan, Miller & Ciresi L.L.P., Minneapolis, MN, David G. Glasser, Esq., Levin & Glasser, P.C., New York City, for Plaintiffs.

Adam Ziffer, Esq., Frank C. Razzano, Esq., Howard Schiffman, Esq., Adam Proujansky, Esq., Dickstein Shapiro Morin & Oshinsky LLP, Michael T. Tomanio, Jr., Esq., Sullivan & Cromwell, Ian Hochman, Esq., Willkie Farr & Gallagher, W. Patrick Loughlin, Esq., Latham & Watkins, New York City, for Defendants.


MEMORANDUM OPINION AND ORDER

SCHEINDLIN, District Judge.

Plaintiffs Gabriel Capital, L.P. ("Gabriel Capital") and Ariel Fund Ltd. ("Ariel Fund") sued defendants NatWest Finance, Inc. ("NatWest"), McDonald Investments Inc. ("McDonald"), and Steel Dynamics Inc. ("SDI") for securities fraud arising from plaintiffs' purchase of bonds issued by a Thailand corporation, Nakornthai Strip Mill Public Company Limited (the "NSM Notes").1

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