Zakeni Ltd. v. Spyr, Inc.

MEMORANDUM OPINION

Sue L. Robinson, United States District Judge

I. INTRODUCTION

On October 13, 2015, Zakeni Limited (“plaintiff’) filed a complaint alleging, inter aha, breach of contract against SPYR, Inc. (“defendant”) for failure to pay its obligations related to two convertible series I debentures. (D.I. 1 at ¶ 1) Presently before the court is defendant’s motion to dismiss the complaint for failure to state a claim. (D.I. 11) The court has jurisdiction pursuant to 28 U.S.C. § 1332.1

II. BACKGROUND

A. Parties

Plaintiff is an investment corporation incorporated in Nassau, Bahamas. (D.I. 1 at ¶…