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CHRYSLER CAPITAL CORP. v. CENTURY POWER CORP.

No. 91 Civ. 1937 (RPP).

778 F.Supp. 1260 (1991)

CHRYSLER CAPITAL CORPORATION, Cilcorp Lease Management Inc., IOR Capital, Inc., Northern Leasing Company, Inc., and US West Financial Services, Inc., Plaintiffs, v. CENTURY POWER CORPORATION, Tucson Electric Power Company, Catalyst Energy Corporation, and San Diego Gas & Electric Company, Defendants.

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

November 15, 1991.

Attorney(s) appearing for the Case

Cravath, Swaine & Moore, New York City by Alan J. Hruska, for plaintiffs.

Baker & Botts, Houston, Tex. by Philip J. John, for defendant Catalyst Energy Corp.

Skadden, Arps, Slate, Meagher & Flom, New York City by Barry H. Garfinkel, for defendant San Diego Gas & Elec. Co.

Cahill Gordon & Reindel, New York City by Laurence A. Silverman, for defendant Century Power Corp.

Leboeuf, Lamb, Leiby & MacRae, New York City by Charles Platt, for defendant Tucson Elec. Power Co.

OPINION AND ORDER

ROBERT P. PATTERSON, Jr., District Judge.

This action arises from a transaction involving the sale and leaseback of an electric generating plant and certain other utility facilities. Plaintiffs Chrysler Capital Corporation ("Chrysler"), Cilcorp Lease Management Inc. ("Cilcorp"), IOR Capital Inc. ("IOR"), Northern Leasing Company Inc. ("Northern Leasing"), and US WEST Financial Services ("U S WEST"), investors in the transaction, seek recovery...

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