NORTEL NETWORKS, INC. v. GOLD & APPEL TRANSFER

No. CIV.A. 02-0706(JDB).

298 F.Supp.2d 81 (2004)

NORTEL NETWORKS, INC., Plaintiff, v. GOLD & APPEL TRANSFER, S.A., Defendant.

United States District Court, District of Columbia.

January 5, 2004.


Attorney(s) appearing for the Case

Edward E. Sharkey, Law Offices of Edward E. Sharkey, Bethesda, MD, for Nortel Networks, Inc.

Michael J. Lichtenstein, Joel W. Ruderman, Swidler Berlin Shereff Friedman, LLP, Washington, DC, for Gold & Appel Transfer, S.A.


MEMORANDUM OPINION

BATES, District Judge.

In this diversity of citizenship action brought pursuant to 28 U.S.C. § 1332, plaintiff Nortel Networks ("Nortel") claims that defendant Gold & Appel Transfer ("G & A") failed to abide by two letter agreements that obliged it to provide $35 million in loans to NETtel Communications ("NETtel"). Nortel was the administrative agent for a syndicate of lenders (the "Syndicate") that purchased NETtel...

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