BEACON HILL CBO II v. BEACON HILL ASSET MANAGEMENT

No. 02 Civ. 9229(GEL).

249 F.Supp.2d 268 (2003)

BEACON HILL CBO II, LTD. and Beacon Hill CBO III, Ltd., Plaintiffs, v. BEACON HILL ASSET MANAGEMENT LLC (f/k/a Beacon Hill Asset Management Limited Liability Company), Defendant.

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

January 22, 2003.


Attorney(s) appearing for the Case

Steven Wolowitz, Mayer, Brown, Rowe & Maw, New York City (Richard A. Spehr, Henninger S. Bullock, on the brief), for plaintiffs Beacon Hill CBO II, Ltd. and Beacon Hill CBO III, Ltd.

Joel M. Miller, Miller & Wrubel P.C., New York City (Charles R. Jacob III, Teresa A. Gonsalves, on the brief), for defendant Beacon Hill Asset Management LLC (f/k/a Beacon Hill Asset Management Limited Liability Company).


OPINION AND ORDER

LYNCH, District Judge.

Plaintiffs Beacon Hill CBO II, Ltd. ("CBO II") and Beacon Hill CBO III, Ltd. ("CBO III") (collectively the "Issuers") entered into portfolio management agreements on July 19, 2001, and August 7, 2002, respectively ("Portfolio Management Agreements" or "Agreements"), with defendant Beacon Hill Asset Management LLC ("Beacon Hill" or "Portfolio Manager"), covering plaintiffs' investment portfolios that total over...

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