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CHASE MANHATTAN BANK, N.A. v. CELOTEX CORP.

No. 87 Civ. 4630 (VLB).

830 F.Supp. 790 (1993)

The CHASE MANHATTAN BANK, N.A., Plaintiff, v. The CELOTEX CORPORATION, Dana Corporation and United States Mineral Products Company, Defendants.

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

September 13, 1993.

Attorney(s) appearing for the Case

Alani Golanski, Levy Phillips & Konigsberg, New York City, for plaintiff.

Malcolm I. Lewin, Morrison Cohen Singer & Weinstein, New York City and John deQ. Briggs III, Howrey & Simon, Washington DC, for Dana Corp.

MEMORANDUM ORDER

VINCENT L. BRODERICK, District Judge.

I

In 1987, the New York Plaza Building Company (the "Building Company") and plaintiff Chase Manhattan Bank (the "Bank") brought separate suits based on asbestos material affecting the value of One New York Plaza (the "property"), in which Dana Corporation ("Dana") was a defendant. At the time these suits were filed, the Building Company owned the property and the Bank held an option to buy...

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