AMERICAN TRANSTECH INC. v. U.S. TRUST CORP.

No. 94 Civ. 1034 (DAB).

933 F.Supp. 1193 (1996)

AMERICAN TRANSTECH INC., Plaintiff, v. U.S. TRUST CORP., Defendant and Third-Party Plaintiff, v. SHEA & GOULD, a partnership, Third-Party Defendant.

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

July 16, 1996.


Attorney(s) appearing for the Case

Sidley & Austin, New York City (Elizabeth M. Sacksteder, of counsel), for Plaintiff.

Kronish, Lieb, Weiner & Hellman, New York City (Brian J. Gallagher, Deborah K. Sorell, Stephen Brodsky, of counsel), for Defendant/Third-Party Plaintiff.

Law Office of Christopher Lometti, New York City (Christopher Lometti, of counsel), for Third-Party Defendant.


MEMORANDUM and ORDER

BATTS, District Judge.

This action arises out of a Stock Purchase Agreement (the "Agreement"), dated December 22, 1988, between the Plaintiff, American Transtech Inc. ("Transtech"), and the Defendant, U.S. Trust Corporation ("U.S. Trust"), under which Transtech purchased Advanced Information Management, Inc. ("AIM"). On February 16, 1994, Transtech commenced this action against U.S. Trust seeking indemnification for materially...

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