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INTER-AMERICAN DEVELOPMENT BANK v. NEXTG TELECOM

No. 06 Civ. 6222(LAK).

503 F.Supp.2d 687 (2007)

INTER-AMERICAN DEVELOPMENT BANK, Plaintiff, v. NEXTG TELECOM LTD., et al., Defendants.

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

August 25, 2007.

Attorney(s) appearing for the Case

Scott S. Balber, Gretchen N. Werwaiss, Laura M. Jastrem, Chadbourne & Parke LLP, for Plaintiff.

Mitchell A. Karlan, Kathryn E. Matthews, LaShann M. DeArcy, Anne M. Coyle, Gibson, Dunn & Crutcher LLP, for Defendants Brickfield, Leland, and Ochoa-Brillembourg.

MEMORANDUM OPINION

KAPLAN, District Judge.

This action arises out of the default by a Bolivian telecommunications company on a $37 million loan. The lender sues, among others, the shareholders of the borrower's parent company for breach of contract and indemnification in connection with the default. Three minority shareholders move for summary judgment dismissing the claims against them.

Facts

The following facts are undisputed for...

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