Legal Opinion

Inter-American Development Bank v. NEXTG Telecom Ltd.

District Court, S.D. New York

Decided August 25, 2007No. 06 Civ. 6222(LAK)PublishedCited by 3 opinions

1Opinion of the Court

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 purposes of this motion unless otherwise indicated.

I. The Loan Agreement

In May 2003, plaintiff Inter-American Development Bank (“IDB”), an international organization…

2Cases cited17 opinions

Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
Richard S. RASKIN, Plaintiff-Appellant, v. the WYATT COMPANY, Defendant-AppelleeCourt of Appeals for the Second Circuit · 1997
Anthony P. Capobianco, Jr. v. City of New York and New York City Department of Sanitation, Docket No. 04-3230-CvCourt of Appeals for the Second Circuit · 2005
Virgin Atlantic Airways Limited v. British Airways PlcCourt of Appeals for the Second Circuit · 2001

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3Cited by3 opinions

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In Re Containership Co.(tcc) A/SUnited States Bankruptcy Court, S.D. New York · 2012
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