CHASE MANHATTAN BANK v. IRIDIUM AFRICA CORP.

No. CIV.A. 00-564JJF.

324 F.Supp.2d 540 (2004)

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.

July 9, 2004.


Attorney(s) appearing for the Case

Stephen E. Jenkins, Esquire and Regina A. Iorii, Esquire of Ashby & Geddes, Wilmington, DE, Of Counsel: Barry R. Ostrager, Esquire, Mary Kay Vyskocil, Esquire, and David J. Woll, Esquire of Simpson Thacher & Bartlett, New York City, for Plaintiff The Chase Manhattan Bank, as Collateral Agent.

William J. Marsden, Jr., Esquire, and John T. Meli, Jr., Esquire of Fish & Richardson P.C., Wilmington, DE, for Defendants Iridium Africa Corporation, Iridium Middle East Corporation, and Krunichev State Research and Production Space Center. Of Counsel: Robert A. Burgoyne, Esquire, and Caroline M. Mew, Esquire of Fulbright & Jaworski LLP, Washington, DC, for Defendants Iridium Africa Corporation and Iridium Middle East Corporation, Iridium Middle East.

Michael E. Wiles, Esquire, and Suzanne M. Grosso, Esquire of Debevoise & Plimpton, New York City, for Defendant Krunichev State Research and Production Space Center (Russia).

Barry M. Klayman, Esquire of Wolf Block Schorr & Solis-Cohen, Wilmington, Of Counsel: Stuart M. Brown, Esquire, and David Lenci, Esquire of Preston Gates & Ellis LLP, Portland, OR, for Defendant Iridium China (Hong Kong) Ltd.

P. Clarkson Collins, Jr., Esquire of Morris, James, Hitchens & Williams LLP, Wilmington, DE, Of Counsel: Annette Jarvis, Esquire of Ray Quinney & Nebeker P.C., Salt Lake City, UT, for Defendant Nippon Iridium (Bermuda) Limited.

Samuel A. Nolen, Esquire, and Anne C. Foster, Esquire of Richards, Layton & Finger, Wilmington, DE, for STET-Societa Finanziaria Telefonica per Azioni.


MEMORANDUM OPINION

FARNAN, District Judge.

Presently before the Court are two motions, the Motion For Final Judgment filed by The Chase Manhattan Bank, now known as JPMorgan Chase Bank ("Chase") (D.I.910), and the Motion For Certification For Interlocutory Appeal filed by Defendants. (D.I.900.) For the reasons discussed, the Court will deny Chase's Motion and grant in part Defendants' Motion.

BACKGROUND

In a March 2, 2004, Memorandum...

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