Legal Opinion
Chase Manhattan Bank v. Traffic Stream (BVI) Infrastructure Ltd.
District Court, S.D. New York
Decided February 2, 2000No. 99 CIV. 4056(SAS)PublishedCited by 2 opinions
1Opinion of the Court
OPINION AND ORDER
SCHEINDLIN, District Judge.
This is a diversity contract action arising out of a high-yield debt instrument. On May 6, 1998, plaintiff Chase Manhattan Bank (“Chase”), acting as Trustee, and defendant Traffic Stream (BVI) Infrastructure Limited (“Traffic Stream”) entered into an Indenture Agreement (the “Indenture”) pursuant to which defendant issued 14/4 percent Senior Secured Notes (the “Notes”) in an aggregate amount of $119,000,000 to various holders. Traffic Stream issued the Notes to finance a business venture involving the construction of toll roads in the People’s…
2Cases cited14 opinions
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- Scotto v. AlmenasCourt of Appeals for the Second Circuit · 1998
- Seiden Associates, Inc. v. Anc Holdings, Inc., American National Can Co.Court of Appeals for the Second Circuit · 1992
- Lawrence A. Mitchell, Jr. v. Washingtonville Central School DistrictCourt of Appeals for the Second Circuit · 1999
- Kel Kim Corp. v. Central Markets, Inc.New York Court of Appeals · 1987
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3Cited by2 opinions
- The Chase Manhattan Bank, as Indenture Trustee, Under the Indenture, Dated as of May 6, 1998 v. Traffic Stream (Bvi) Infrastructure LimitedCourt of Appeals for the Second Circuit · 2001
- Chase Manhattan Bank v. Traffic Stream (BVI) Infrastructure Ltd.Court of Appeals for the Second Circuit · 2002