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NATIONAL WESTMINSTER BANK, PLC v. GRANT PRIDECO

No. 02 CIV.9926(LAK).

343 F.Supp.2d 256 (2004)

NATIONAL WESTMINSTER BANK, PLC, Plaintiff, v. GRANT PRIDECO, INC., et al., Defendants.

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

November 19, 2004.

Attorney(s) appearing for the Case

Jeffrey A. Mitchell, E. Timothy McAuliffe, Jr., Fischbein • Badillo • Wagner • Harding, New York, NY, for Grant Prideco, Inc.

Gerald J. Fields, Patrick J. Rohan, Paul, Hastings, Janofsky & Walker LLP, New York, NY, for Defendant Active Media Services, Inc.

MEMORANDUM OPINION (Corrected)

KAPLAN, District Judge.

Plaintiff National Westminster Bank, Plc ("NatWest") brought this diversity action to recover funds advanced to Grant Prideco, Inc. ("GPI"), a manufacturer of oilfield tubular steel products, as part of a trade barter agreement. It asserted claims also against GPI's former parent company, Weatherford International, Inc., and Active Media Services, Inc. ("Active"). GPI cross-claimed against Active. The...

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