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GREYFIN CORP. v. GALIN

No. 86 Civ. 5057 (EW).

642 F.Supp. 1069 (1986)

GREYFIN CORPORATION, Plaintiff, v. Miles A. GALIN, Defendant.

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

September 3, 1986.

Attorney(s) appearing for the Case

Otterbourg, Steindler, Houston & Rosen, P.C., New York City, for plaintiff; Kurt J. Wolff, David M. Schreier, of counsel.

Jeffrey H. Zegen, New York City, for defendant.

OPINION

EDWARD WEINFELD, District Judge.

Plaintiff, a Liberian Corporation, with its principal place of business in the Canton of Zug, Switzerland, is engaged in the business of making commercial loans and advances to business enterprises. In July 1983, plaintiff made a loan and agreed to extend credit to Templar Navigation S.A. ("Templar") of which Miles A. Galin ("Galin"), the defendant, was a shareholder and financially interested. Jurisdiction is based...

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