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FCOF UB SECURITIES LLC v. MOREQUITY, INC.

No. 09 Civ. 055(VM).

663 F.Supp.2d 224 (2009)

FCOF UB SECURITIES LLC et al., Plaintiffs, v. MOREQUITY, INC., Defendant.

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

September 29, 2009.

Attorney(s) appearing for the Case

Marc E. Kasowitz, Paul Michael O'Connor, III, Seth A. Moskowitz, Kasowitz, Benson, Torres & Friedman, LLP, New York, NY, for Plaintiffs.

Michael Barry Carlinsky, Quinn Emanuel Urquhart Oliver & Hedges LLP, New York, NY, for Defendant.

DECISION AND ORDER

VICTOR MARRERO, District Judge.

Plaintiffs FCOF UB Securities LLC ("FCOF UB") and FCOF UST LLC ("FCOF UST") (collectively "FCOF") filed the complaint in this action on January 20, 2009 alleging that defendant MorEquity, Inc. ("MorEquity") breached its contractual obligations and its duty to negotiate in good faith arising out of an executed letter entitled "Initial Commitment to Purchase" ("Initial Commitment"). MorEquity now moves...

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