Rose v. Mitsubishi International Corp.

MEMORANDUM AND ORDER

CAHN, District Judge.

Plaintiff, Jack Rose, is suing for money damages for breach of an alleged contract in the form of a letter of intent. The matter is before the court on the motion of Mitsubishi International Corporation (“MIC”) for summary judgment under Fed. R.Civ.P. 56.

In 1973, plaintiff had an option enabling him to purchase from Northern Metal Company a deep-water port facility located on the Pennsylvania side of the Delaware River. On March 29, 1973, MIC and Federal Steel Corporation (“Federal”) executed a letter of intent to plaintiff which plaintiff approved the…