JP MORGAN CHASE BANK v. WINNICK

No. 03 Civ. 8535(GEL).

350 F.Supp.2d 393 (2004)

JP MORGAN CHASE BANK, in its capacity as Administrative Agent under the Credit Agreement, Plaintiff, v. Gary WINNICK, Dan J. Cohrs, Lodwrick M. Cook, Hank Millner James C. Gorton, Joseph Clayton, Thomas J. Casey, S. Wallace Dawson Jr., Susan Dullabh, Thomas Robershaw, David A Walsh Joseph P. Perrone, Robin Wright, Patrick Joggerst, Brian Fitzpatrick, David Carrey, Jackie Armstrong, Mark Attanasio, David L. Lee, Geoffrey J.W. Kent, Eric Hippeau, Norman Brownstein, William E. Conway, Jr., Defendants.

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

June 23, 2004.


Attorney(s) appearing for the Case

Ralph C. Ferrara, Colby A. Smith, Jonathan E. Richman, Jeffrey S. Jacobson, Debevoise & Plimpton, New York, N.Y. for defendants.

Michael L. Hirshfeld, Andrew E. Tomback, Allan S. Brilliant, Millbank, Tweed, Hadley & McCloy, for plaintiff.


OPINION AND ORDER

LYNCH, District Judge.

This action presents another strand in the web of litigation surrounding the alleged accounting fraud and eventual bankruptcy of the telecommunications company Global Crossing, Ltd. ("GC"). Plaintiff JP Morgan Chase Bank brings this action on behalf of a syndicate of commercial banks ("the Banks") against various officers, directors, and employees of GC in connection with a series of loans extended to GC between August...

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