Minpeco, S.A. v. Conticommodity Services, Inc.
District Court, S.D. New York
1Opinion of the Court
LASKER, District Judge.
In this action, alleging a conspiracy to manipulate upward the price of silver and silver futures, Banque Populaire Suisse (“BPS”) has moved to dismiss, or alternatively for summary judgment dismissing, the cross-claims of defendant Mahmoud Fustok (“Fustok”). After Fustok filed his cross-claims against BPS for contribution and indemnity of any damages he might be ordered to pay, BPS settled with plaintiff Minpeco. BPS argues that the legal effect of the settlement and principles of law restricting contribution and indemnity require dismissal of Fustok’s cross-claims.…
2Cases cited30 opinions
- Texas Industries, Inc. v. Radcliff Materials, Inc.Supreme Court of the United States · 1981
- Merrill Lynch, Pierce, Fenner & Smith, Inc. v. CurranSupreme Court of the United States · 1982
- Piper v. Chris-Craft Industries, Inc.Supreme Court of the United States · 1977
- Riviello v. WaldronNew York Court of Appeals · 1979
- American Society of Mechanical Engineers, Inc. v. Hydrolevel Corp.Supreme Court of the United States · 1982
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