BANCO NACIONAL DE COSTA RICA v. BREMAR HOLDINGS

No. 79-3769.

492 F.Supp. 364 (1980)

BANCO NACIONAL DE COSTA RICA, Plaintiff, v. BREMAR HOLDINGS CORPORATION, Bremar Holdings Ltd., and Corporacion Azucarera Del Sur, S. A., Defendants.

United States District Court, S. D. New York.

June 25, 1980.


Attorney(s) appearing for the Case

Fried, Frank, Harris, Shriver & Kampelman, Washington, D. C.; Milton Eisenberg, Francis J. O'Toole, Henry A. Hubschman, Stephen M. Foster, Washington, D. C., of counsel; Fried, Frank, Harris, Shriver & Jacobson, New York City; Robert Gerber, David Weisberg, New York City, of counsel, for plaintiff.

Haight, Gardner, Poor & Havens, New York City for defendants Bremar Holdings Corporation and Bremar Holdings Ltd.; Randal R. Craft, Richard L. Jarashow, Saverio Mirarchi, New York City, of counsel.


LASKER, District Judge.

Banco Nacional de Costa Rica ("Banco Nacional") sues to recoup the costs it has sustained and continues to sustain as the guarantor of a series of promissory notes issued by the now defunct defendant Corporacion Azucarera del Sur ("CAS") in connection with a plan to establish a sugar mill in Costa Rica. The complaint contains one claim under section 10(b) of the Securities and Exchange Act, 15 U.S.C. § 78j(b), and Rule 10b-5, 17 C.F.R...

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