Legal Opinion
Coastal Power International, Ltd. v. Transcontinental Capital Corp.
District Court, S.D. New York
Decided July 2, 1998No. 96 Civ. 4057(LAK)PublishedCited by 26 opinions
1Opinion of the Court
OPINION
KAPLAN, District Judge.
Facts. .347
Parties .347
The La Isabela Project.
Structure.
Mooring Design.
The Insurance and Initial LSA Review.".
The Purchase Agreement and Coastal’s Due Diligence.
The LSA Problem Grows.
LSA Refuses to Approve the Mooring.
Coastal’s Knowledge of the Issue.
The Closing.
Post-Closing Developments.
Prior Proceedings .
Discussion c cc
The Warranty Claims.360
The Alleged Breaches.360
The Effect of Coastal’s Decision to Close Given its Knowledge of the LSA Problem. 360
The Contract Claims.•..363
Liability.:.363
Causation and Damages.364
Waiver .369
Mitigation.370
Attorney’s Fees.370
Preju…
2Cases cited27 opinions
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Story Parchment Co. v. Paterson Parchment Paper Co.Supreme Court of the United States · 1931
- Bigelow v. RKO Radio Pictures, Inc.Supreme Court of the United States · 1946
- Hooper Associates Ltd. v. AGS Computers, Inc.New York Court of Appeals · 1989
- Wakeman v. Wheeler & Wilson Manufacturing Co.New York Court of Appeals · 1886
22 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Primavera Familienstifung v. AskinDistrict Court, S.D. New York · 2001
- Wechsler v. Hunt Health Systems, Ltd.District Court, S.D. New York · 2004
- Innovation Ventures, LLC v. Ultimate One Distributing Corp.District Court, E.D. New York · 2016
- RCN Telecom Services, Inc. v. 202 Centre Street Realty LLCCourt of Appeals for the Second Circuit · 2005
- DeCarlo v. Archie Comic Publications, Inc.District Court, S.D. New York · 2001
21 more not listed; retrieve them via the Exa API.