LNC Investments, Inc. v. First Fidelity Bank
District Court, S.D. New York
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
HAIGHT, Senior District Judge.
Following a jury verdict in defendants’ favor on the issue of liability, plaintiffs move for judgment as a matter of law (“JMOL”) under Rule 50(b), Fed.R.Civ.P., or in the alternative for a new trial under Rule 59.
I. PROCEDURAL HISTORY
Plaintiffs-movants LNC Investments, Inc. (“LNC”) and Charter National Life Insurance Company (collectively “the Bondholders”) brought this action for breach of fiduciary duty, breach of contract, and violation of § 815(c) of the Trust Indenture Act of 1939 (“TIA”), 15 U.S.C. § 77ooo(c), against defendants…
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