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Legal Opinion

Chase Manhattan Bank v. Iridium Africa Corp.

District Court, D. Delaware

Decided October 23, 2002No. CIV.A.00-564-### (MP)PublishedCited by 14 opinions

1Opinion of the Court

MEMORANDUM

THYNGE, United States Magistrate Judge.

I. Background

Chase initiated this contract action against the Members of Iridium LLC. Chase alleges that the Members are obligated to pay to Chase on their individual Reserve Capital Call (“RCC”) obligations under the LLC Agreement, an agreement between Iridium LLC and the Members of Iridium LLC. The RCC obligation requires each individual Member to buy additional Class 1 membership interests upon a proper demand. Chase alleges that the Members originally pledged their RCC obligations to Iridium LLC in order to get the Iridium System project…

2Cases cited6 opinions

  1. Hercules, Inc. v. United StatesSupreme Court of the United States · 1996
  2. Atlas Corp. v. United StatesCourt of Appeals for the Federal Circuit · 1990
  3. In the Matter of Penn Central Transportation Company. Appeal of United States of AmericaCourt of Appeals for the Third Circuit · 1987
  4. Ellis v. Provident Life & Accident InsuranceDistrict Court, S.D. New York · 1998
  5. Creditors' Committee of Essex Builders, Inc. v. Farmers BankSupreme Court of Delaware · 1969

1 more not listed; retrieve them via the Exa API.

3Cited by14 opinions

  1. Robert v. Baer v. David Chase Chase Films Inc., a Delaware Corporation John Does A-ZCourt of Appeals for the Third Circuit · 2004
  2. Capital Management Co. v. BrownSupreme Court of Delaware · 2002
  3. James v. J2 Cloud Services, LLCCourt of Appeals for the Federal Circuit · 2018
  4. American Legacy Foundation v. National Union Fire InsuranceDistrict Court, D. Delaware · 2009
  5. Baer v. ChaseCourt of Appeals for the Third Circuit · 2004

9 more not listed; retrieve them via the Exa API.

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