CHASE MANHATTAN BANK v. IRIDIUM AFRICA CORP.

No. CIV.A.00-564 JJF.

307 F.Supp.2d 608 (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-Societá Finanziaria Telefonica Per Azioni; Thai Satellite Telecommunications Co., Ltd.; and Vebacom Holdings, Inc., Defendants.

United States District Court, D. Delaware.

March 2, 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. Richard A. Mescon, Esquire, Lawrence J. Slattery, Esquire, and David Stoelting, Esquire of Morgan, Lewis & Bockius LLP, New York City, for Plaintiff The Chase Manhattan Bank, as Collateral Agent.

Richard K. Herrmann, Esquire of Blank, Rome, Cominsky & McCauley LLP, Wilmington, DE. Of Counsel: Kirkland & Ellis, Chicago, IL, for Defendant Motorola, Inc.

Samuel A. Nolen, Esquire, Anne C. Foster, Esquire, and Catherine G. Dearlove, Esquire of Richards, Layton & Finger, Wilmington, DE, for Defendants Korea Mobile Telecommunications Corporation and STET-Societa Finanziaria Telefonica Per Azioni. Of Counsel: Cleary, Gottlieb, Steen & Hamilton, New York City, for Defendant Korea Mobile Telecommunications Corporation.

William J. Marsden, Jr., Esquire and John T. Meli, Jr., Esquire of Fish & Richardson, Wilmington, DE, for Defendants Iridium Africa Corporation, Iridium Middle East Corporation, and Khrunichev State Research & Production Space Center (Russia). Of Counsel: Fulbright & Jaworski LLP, Washington, DC, for Iridium Africa Corporation and Iridium Middle East Corporation. Debevoise & Plimpton, New York City, for Defendant Khrunichev State Research & Production Space Center (Russia).

Barry M. Klayman, Esquire of Wolf Block Schorr & Solis-Cohen, Wilmington, DE. Of Counsel: 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: Lebouf, Lamb, Green & Macrae, LLP, New York City. Ray, Quinney & Nebeker, Salt Lake City, UT, for Defendant Nippon Iridium (Bermuda) Limited.

Victor F. Battaglia, Sr., Esquire of Biggs & Battaglia, Wilmington, DE. Of Counsel: Armstrong Teasdale LLP, Kansas City, MO, for Defendant Sprint Iridium, Inc.

David McBride, Esquire and John Paschetto, Esquire of Young, Conaway, Stargatt & Taylor, Wilmington, DE, for Defendants Iridium Canada, Inc.


MEMORANDUM OPINION

FARNAN, District Judge.

Presently before the Court is The Chase Manhattan Bank's ("Chase") Objections To The Magistrate Judge's Recommendations On Summary Judgment. (D.I.660.) For the following reasons, the Court will not adopt the Magistrate Judge's Report and Recommendation on the issues of the effect of the Secretary's Certificate, Chase's fraud claim, and the Defendants' waiver of defenses under Section 4.02 of the Iridium LLC...

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