Drexel Burnham Lambert Group, Inc. v. Galadari
District Court, S.D. New York
1Opinion of the Court
SUPPLEMENTAL OPINION RE: VACATING STAY
MOTLEY, District Judge.
SUPPLEMENTAL FINDINGS OF FACT AND CONCLUSIONS OF LAW
PRELIMINARY STATEMENT
This is a motion by plaintiff Refco, Inc. (“Refco”) to vacate the stay of this action imposed by this Court’s Order dated January 4, 1991, in favor of a foreign liquidation proceeding in Dubai, United Arab Emirates. Refco argues that the receivership proceedings in Dubai are fundamentally unfair and have deprived Refco of due process, and that, therefore, the Dubai proceedings are not entitled to international comity.
On March 18 and 19, 1991, this Court…
2Cases cited12 opinions
- Kimberly v. ArmsSupreme Court of the United States · 1889
- Donna Reilly, Etc. v. United StatesCourt of Appeals for the First Circuit · 1988
- George Lamborn, Henry Maringer, and Lamar Commodities, a Partnership v. Thomas H. Dittmer and Dittmer International, Inc.Court of Appeals for the Second Circuit · 1989
- Clay v. Johns-Manville Sales Corp.Court of Appeals for the Sixth Circuit · 1983
- Matter of Seatrain Lines, Inc.United States Bankruptcy Court, S.D. New York · 1981
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3Cited by4 opinions
- Drexel Burnham Lambert Group Inc. v. Committee of Receivers for A.W. GaladariCourt of Appeals for the Second Circuit · 1993
- Drexel Burnham Lambert Group Inc. v. Committee of ReceiversDistrict Court, S.D. New York · 1993
- Drexel Burnham Lambert Group Inc. v. Committee Of Receivers For A.W. GaladariCourt of Appeals for the Second Circuit · 1993
- Pliteq, Inc. v. MostafaDistrict Court, S.D. Florida · 2025