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CASPIAN INVESTMENTS, LTD. v. VICOM HOLDINGS, LTD.

Nos. 90 Civ. 7848 (KC), 91 Civ. 1004 (KC).

770 F.Supp. 880 (1991)

CASPIAN INVESTMENTS, LTD., Plaintiff, v. VICOM HOLDINGS, LTD. and Vicom Video, Inc., Defendants. CASPIAN INVESTMENTS, LTD., Plaintiff, v. VICOM VIDEO, INC., Defendant.

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

July 31, 1991.

Attorney(s) appearing for the Case

Daniel Schanz, Breed Abbott & Morgan, New York City, for plaintiff.

David R. Jewell, Donovan Leisure Newton & Irvine, New York City, for defendants.

MEMORANDUM AND ORDER

CONBOY, District Judge:

Defendant Vicom Video, Inc. ("Vicom Video") has moved to dismiss or stay this breach of contract action in deference to a previously commenced action pending in Ireland. For the reasons set forth below, the motion is granted and the case is dismissed.

I. BACKGROUND

On August 1, 1989, plaintiff Caspian Investments, Ltd. ("Caspian"), a British corporation, entered into a loan agreement ("the Agreement...

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