Winchester Capital Management Co. v. Manufacturers Hanover Trust Co.

MEMORANDUM AND ORDER ON MOTION TO COMPEL DEPOSITION TESTIMONY AND PRODUCTION OF SUBPOENAED DOCUMENTS (# 19)

COLLINGS, United States Magistrate Judge.

INTRODUCTION

In 1989, the defendant (hereinafter, “Manufacturers”) began to consider offering a guaranteed investment contract (“GIC”) and an enhanced guaranteed investment contract (“enhanced GIC”) to investors. However, it had no experience in operating GIC or enhanced GIC funds and sought to identify an organization from whom it could obtain advice with respect to these types of funds.

After an investigation during the late spring and early…