Diamond Mining & Management, Inc. v. Globex Minerals, Inc.

MEMORANDUM OF OPINION AND ORDER

RENFREW, District Judge.

Seeking damages for breach of contract and fraud, plaintiffs Diamond Mining and Management, Inc. (“Diamond”), and S. Richard Stern filed their Second Amended Complaint against defendants Globex Minerals, Inc. (“Globex”), Merritt Ruddock, and John Nisco with this Court on December 22, 1975. Defendants filed an Answer and Counterclaim on January 5, 1976, and a Motion to Dismiss the complaint on May 6, 1976. The motions were argued at a hearing before the Court held on June 17, 1976.

Now defunct, Diamond was incorporated under the laws of the…