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MASSACHUSETTS MUT. LIFE INS. CO. v. ARITECH CORP.

Civ. A. No. 94-30097-MAP.

882 F.Supp. 190 (1995)

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY and Massmutual Corporate Investors, Plaintiffs v. ARITECH CORP., Defendant.

United States District Court, D. Massachusetts.

April 13, 1995.

Attorney(s) appearing for the Case

Andrew C. Griesinger and Douglas S. Brown, Choate, Hall & Stewart, Boston, MA for plaintiffs.

John H. Henn and David Kahan, Foley, Hoag & Eliot, Boston, MA, for defendant.

MEMORANDUM REGARDING CROSS-MOTIONS FOR SUMMARY JUDGMENT

PONSOR, District Judge.

I. INTRODUCTION

Plaintiffs, Massachusetts Mutual Life Insurance Company and MassMutual Corporate Investors (hereinafter "MassMutual") loaned the defendant, Aritech Corporation, $10 million dollars under an arrangement referred to in the insurance industry as a private placement investment transaction. The sole issue in this case is whether the terms of...

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