The CHASE MANHATTAN BANK, as Collateral Agent,
v.
IRIDIUM AFRICA CORPORATION; Iridium Canada, Inc.; Iridium China (Hong Kong) Ltd.; Iridium India Telecom Limited; Iridium Middle East Corporation; Iridium Sudamerica Corporation; Khrunichev State Research and Production Space Center; Korea Mobile Telecommunications Corporation; Lockheed Martin Corporation; Motorola, Inc.; Nippon Iridium (Bermuda) Limited; Pacific Electric Wire & Cable Co., Ltd.; Raytheon Company; Sprint Iridium, Inc.; STET-Societa Finanziaria Telefonica Per Azioni; Thai Satellite Telecommunications Co., Ltd.; and Vebacom Holdings, Inc., Defendants.
United States District Court, D. Delaware.https://leagle.com/images/logo.png
April 23, 2002.
April 23, 2002.
Attorney(s) appearing for the Case
Stephen E. Jenkins, Regina A. Iorii, Ashby & Geddes, Wilmington, Delaware, for plaintiff The Chase Manhattan Bank.
Samuel A. Nolen, Anne C. Foster, Catherine G. Dearlove, Richards, Layton & Finger, Wilmington, Delaware, for defendants, STET-Societa Finanziaria Telefonica per Azioni, Korea Mobile telecommunications Corporation.
Victor F. Battaglia, Biggs & Battaglia, Wilmington, Delaware, for defendants Sprint Iridium, Inc.
Richard K. Herrmann, Dale Dubê, Blank Rome Comisky & McCauley, LLP, Wilmington, Delaware, for defendant Motorola, Inc.
William J. Marsden, Jr., John T. Meli, Jr., Fish & Richardson, P.C., Wilmington, Delaware, for defendants Iridium Africa Corporation, Iridium Middle east Corporation, Krunichev State Research and Production Space Center.
David C. McBride, Young, Conaway, Stargatt & Taylor, Wilmington, Delaware, for defendant Iridium Canada, Inc.
Elizabeth A. Brown, Morris, James, Hitchens & Williams, Wilmington, Delaware, for defendants Nippon Iridium (Bermuda) Limited, Verbacom Holdings Inc.
John S. Spadaro, Murphy, Spadaro & Landon, Wilmington, Delaware, for defendant Pacific Electric Wire & Cable Co., Ltd.
Barry M. Klayman, Wolf Block Schorr, Solis-Cohen, LLP, Wilmington, Delaware, for defendant Iridium China (Hong Kong) Ltd.
United States District Court, D. Delaware.
MEMORANDUM AND ORDER
THYNGE, United States Magistrate Judge.
I. Introduction
The plaintiff, The Chase Manhattan Bank ("Chase"), brought this action against various defendants alleged to be Members of Iridium LLC, a bankrupt Delaware limited liability company. Presently before the court are the parties' cross-motions for summary judgment. For the reasons stated below, the plaintiff's motion is DENIED and the defendants' motions are DENIED in part...
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