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INTERNATIONAL MINERALS & MIN. v. CITICORP N. AMER.

Civ. A. No. 89-1638(MTB).

736 F.Supp. 587 (1990)

INTERNATIONAL MINERALS AND MINING CORPORATION, a New Jersey corporation, Plaintiff, v. CITICORP NORTH AMERICA, INC., a Delaware corporation and Citibank, N.A., a national banking corporation, Defendants.

United States District Court, D. New Jersey.

April 27, 1990.

Attorney(s) appearing for the Case

Ruskin, Kors, Meltzer, Rubin & Starr by Arnold R. Gerst, Jersey City, N.J., for plaintiff.

Ross & Hardies by Helen Davis Chaitman, Somerset, N.J., for defendants.

OPINION

BARRY, District Judge.

I. INTRODUCTION

This is a lender liability case. Plaintiff International Minerals and Mining Corporation ("IMMCO") filed this action against Citicorp North America, Inc. and Citibank, N.A. (collectively "Citicorp") alleging that Citicorp improperly denied IMMCO's request for a twenty million dollar loan, the proceeds of which IMMCO had intended to use to purchase an anthracite coal operation in Northeastern Pennsylvania...

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