Chemical Futures & Options, Inc. v. Resolution Trust Corp.

MEMORANDUM OPINION

KOCORAS, District Judge:

This matter comes before the Court on defendant’s motion to dismiss. For the reasons set forth below, defendant’s motion to dismiss based on improper venue and lack of subject matter jurisdiction is denied. Defendant’s motion to dismiss based on the failure to state a claim is denied in part and granted in part.

BACKGROUND

Defendant, Resolution Trust Corporation (“the RTC”), has instituted an arbitration proceeding to recover over $11.6 million from the plaintiffs, Chemical Futures & Options, Inc. (“Chemical Futures”), Manufacturers Hanover Futures,…