Kalitta Air, LLC v. GSBD & Associates LLC

ROSENTHAL, District Judge.

A company contracted to buy jet fuel for its air-cargo business from a supplier that allegedly touted its ability to discount the price through its connections with international banks and with the Saudi royal family. Months and millions of dollars later, the purchaser discovered that the supplier violated the contract terms requiring the purchase money to stay in an escrow account until the fuel was delivered, and that out of the approximately $29 million deposited in the escrow account, the purchaser received only $25 million in fuel. The purchaser sued, asserting…