OPINION
OWEN, District Judge.
In March 1986, CIGC Inc., the predecessor of plaintiff CB & F Interamerica, Inc., a Florida corporation, and ED & F Man Ltd., the parent of plaintiff Farr Man Coffee Inc., a New York corporation, joined in a venture to purchase 300,000 bags of green coffee from defendants. Defendants are two Paraguayan corporations located in the same office in Asuncion, Paraguay, and their three principals, all residents of Paraguay...
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