CHASE MANHATTAN BANK v. IRIDIUM AFRICA CORP.

No. Civ.A. 00-564 JJF.

294 F.Supp.2d 634 (2003)

THE CHASE MANHATTAN BANK, As Collateral Agent, Plaintiff, v. IRIDIUM AFRICA CORPORATION; Iridium Canada, Inc.; Iridium China (Hong Kong) Ltd.; Iridium India Telecom Ltd.; 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) Ltd.; 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.

November 25, 2003.


Attorney(s) appearing for the Case

Stephen E. Jenkins, Regina A. Iorii, of Ashby & Geddes, Wilmington, Delaware. Barry R. Ostrager, Mary Kay Vyskocil, David J. Woll, of Simpson Thacher & Bartlett, New York, New York, Richard A. Mescon, David Stoelting, of Morgan, Lewis & Backius LLP, New York, New York, for Plaintiff The Chase Manhattan Bank, as Collateral Agent, of counsel.

William J. Marsden, Jr., John T. Meli, Jr., of Fish & Richardson P.C., Wilmington, Delaware, for Defendants Iridium Africa Corporation, Iridium Middle East Corporation and Khrunichev State Research and Production Space Center, Michael E. Wiles, Suzanne M. Grosso, of Debevoise & Plimpton, New York, New York, for Defendant Krunichev State Research and Production Space Center, of counsel.

Robert A. Burgoyne, of Fulbright & Jaworski LLP, Washington, D.C., for Defendants Iridium Africa Corporation and Iridium Middle East Corporation, of counsel.


MEMORANDUM OPINION

FARNAN, District Judge.

Presently before the Court is The Chase Manhattan Bank's ("Chase") Objections To The Magistrate Judge's Recommendation Dated October 23, 2002 Regarding Chase's Implied In Fact Contract Claim. (D.I. 798.) For the following reasons, the Court will adopt the Magistrate Judge's Report and Recommendation.

BACKGROUND

The dispute in this case arises from an $800 million loan Chase extended to Iridium...

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