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CRESCENT OIL & SHIPPING SERVICES, LTD. v. PHIBRO ENERGY, INC.

No. 653, Docket 90-7694.

929 F.2d 49 (1991)

CRESCENT OIL AND SHIPPING SERVICES, LTD., Plaintiff-Appellant, v. PHIBRO ENERGY, INC., and Salomon Inc., Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided February 28, 1991.

Attorney(s) appearing for the Case

George F. Chandler, III, New York City (Hill, Rivkins, Loesberg, O'Brien, Mulroy & Hayden, New York City, Anthony J. Mavronicolas, of counsel), for plaintiff-appellant.

Laurence A. Silverman, New York City (Cahill Gordon & Reindel, New York City, Steven Lieberman and Christopher Nelson, of counsel), for defendants-appellees.

Before OAKES, Chief Judge, LUMBARD and CARDAMONE, Circuit Judges.

LUMBARD, Circuit Judge:

Plaintiff, Crescent Oil and Shipping Services, Ltd. appeals from the July 9, 1990 order of the Southern District of New York, Lowe, Judge, granting summary judgment to defendants, Phibro Energy, Inc., and its parent corporation, Salomon Inc., and denying Crescent's cross-motion for summary judgment. We affirm.

This case arises out of the interpretation of the pricing terms of a contract for the sale of oil. The material facts...

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