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WILLCO KUWAIT (TRADING) S.A.K. v. DeSAVARY

Civ. A. No. 83-0590B.

638 F.Supp. 846 (1986)

WILLCO KUWAIT (TRADING) S.A.K. v. Peter J. DeSAVARY.

United States District Court, Rhode Island.

June 25, 1986.

Attorney(s) appearing for the Case

Paul M. Brown, Gary D. Rosenthal, Whitman & Ransom, New York City, Robert Lovegreen, Gidley, Lovegreen & Sarli, Providence, R.I., for plaintiff.

Richard Sharfman, James A. Shanman, Sharfman, Shanman, Poret & Siviglia, New York City, Michael S. Schwartz, Mandell, Goodman, Familgetti & Schwartz, Providence, R.I., for defendant.

OPINION

FRANCIS J. BOYLE, Chief Judge.

Plaintiff, Willco Kuwait (Trading) S.A.K., sued Defendant Peter J. DeSavary alleging securities and common law fraud in the negotiation of a sales contract between the parties. Defendant counterclaimed seeking damages for breach of the contract. The action was tried to a jury and the jury returned a verdict for Defendant on Plaintiff's claim and a verdict of $25,300,000...

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