Bank Saderat Iran v. Telegen Corp.

MEMORANDUM *

Appellants Richard Gaines (“Gaines”) and Sahara Associates, Inc., (“Sahara”) challenge many aspects of the district court’s holding below in favor of appellees Jessica Stevens and Telegen Corporation. The district court held, following a bench trial, that attorney Gaines breached his fiduciary duty to appellees; that Sahara’s financing deal with appellees violated New York law; and that both appellants owe considerable damages. Appellants assert, inter alia, that (1) the district court lacked personal jurisdiction over appellants; (2) the court’s findings regarding Gaines’s breach…