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WALTUCH v. CONTICOMMODITY SERVICES, INC.

No. 92 Civ. 0383(MEL).

833 F.Supp. 302 (1993)

Norton D. WALTUCH, Plaintiff, v. CONTICOMMODITY SERVICES, INC. and Continental Grain Company, Defendants.

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

September 17, 1993.

Attorney(s) appearing for the Case

Kaye, Scholer, Fierman, Hays & Handler, New York City (Steven J. Glassman, Linda K. Williams, of counsel), for plaintiff.

Paul, Weiss, Rifkind, Wharton & Garrison, New York City (Richard A. Rosen, Arthur L. Liman and Beth F. Levine, of counsel), for defendants.

LASKER, District Judge.

Norton Waltuch brings this action for indemnification of $2,346,586.67 in legal expenses and related cost against his former employer, ContiCommodity Services, Inc. ("Conti") and its parent corporation, Continental Grain Company ("Conti Grain"). All these costs arose out of litigation in connection with Waltuch's activities in the silver market as an employee of Conti in 1979-80. Waltuch's indemnity claims are based on provisions of Conti's...

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