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BAYER CORP. v. CHESTNUT ACQUISITION CORP.

No. 02 CIV 0941 LAK.

189 F.Supp.2d 153 (2002)

BAYER CORPORATION, Plaintiff, v. CHESTNUT ACQUISITION CORPORATION, ChemDesign Corporation, and Specialty-Chem Products Corporation, Defendants.

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

March 14, 2002.

Attorney(s) appearing for the Case

Robert W. Gaffey, Mark S. Mandel, Jennifer W. Cohen, Jones, Day, Reavis & Pogue, for Plaintiff.

Glenn M. Kurtz, Robert Kelly, Meghan McCurdy, White & Case LLP, for Defendants.

MEMORANDUM OPINION

KAPLAN, District Judge.

The issue in this declaratory judgment action is which entity, as between the seller of the shares of two of its former wholly owned subsidiaries, the buyer, and the subsidiaries themselves, is responsible for continuing to provide long term disability benefits for eleven of the subsidiaries' disabled personnel following the sale. One would have hoped that the entities...

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