Legal Opinion
Cary Oil Co., Inc. v. MG Refining and Marketing
District Court, S.D. New York
Decided March 30, 2000No. 99 CIV. 1725 LAKPublishedCited by 37 opinions
1Opinion of the Court
MEMORANDUM OPINION
KAPLAN, District Judge.
This case comes in the aftermath of the near collapse of the German metals and engineering conglomerate, Metallgesells-chaft AG (“MGAG”), in late 1993.. Reportedly faced with crippling trading losses from over-exposure in the oil futures market, MGAG nearly was forced into bankruptcy before its creditors, including Deutsche Bank AG, stepped in with an emergency loan and rescue package. Although this bail out averted financial disaster, the fallout continues and includes this case.
I
Parties
Plaintiffs in this case are seventeen corporations engaged in the…
2Cases cited41 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Mills v. Polar Molecular Corp.Court of Appeals for the Second Circuit · 1993
- Kronos, Inc. v. AVX Corp.New York Court of Appeals · 1993
- Mangini v. McClurgNew York Court of Appeals · 1969
- Cahill v. ReganNew York Court of Appeals · 1959
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3Cited by37 opinions
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- Ramey v. District 141, International Association Of Machinists And Aerospace WorkersCourt of Appeals for the Second Circuit · 2004
- Heiman v. Bimbo Foods Bakeries Distribution Co.Court of Appeals for the Seventh Circuit · 2018
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