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NYCAL CORP. v. INOCO PLC

No. 96 CIV. 7159 LAK.

988 F.Supp. 296 (1997)

NYCAL CORPORATION, Plaintiff, v. INOCO PLC and Downshire N.V., Defendants.

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

December 12, 1997.

Attorney(s) appearing for the Case

Jeffrey E. Glen, DeForest & Duer, New York City, for Plaintiff.

Lawrence A. Blatte, Rosen & Reade, L.L.P., New York City, for Defendants.

MEMORANDUM OPINION

KAPLAN, District Judge.

This lawsuit involves a claim by Nycal Corporation ("Nycal") that it was defrauded by Inoco PLC and Downshire N.V. (collectively, "Inoco") in connection with Nycal's 1991 purchase of a majority interest in Gulf Resources and Chemical Corporation ("Gulf") from Inoco. Inoco seeks summary judgment dismissing the complaint on the ground that it is barred by a release contained in a settlement agreement previously executed...

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