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JAMIE SECURITIES CO. v. THE LIMITED, INC.

No. 86 Civ. 5259 (CSH).

682 F.Supp. 746 (1988)

JAMIE SECURITIES CO., Plaintiff, v. THE LIMITED, INC., Defendant.

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

February 24, 1988.

Attorney(s) appearing for the Case

Skadden, Arps, Slate, Meagher & Flom, New York City, for plaintiff; Edwin E. McAmis, Jay S. Berke, William B. Korman, Richard S. Simon, of counsel.

Schwartz, Kelm, Warren & Rubenstein, Columbus, Ohio, for defendants; Russell A. Kelm, Daniel R. Swetnam, James J. Hagan, Simpson, Thacher & Bartlett, New York City, of counsel.

MEMORANDUM OPINION AND ORDER

HAIGHT, District Judge:

This diversity case presents, on cross-motions for summary judgment, the question whether under the governing instruments an issuer of subordinated convertible debentures must pay interest to holders who converted their debentures between an interest record date and the subsequent interest payment date, in response to the issuer's redemption call falling within that "window of time."

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