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CANPARTNERS INVESTMENTS IV, LLC v. ALLIANCE GAMING CORP.

No. 96 CIV. 9788(HB).

981 F.Supp. 820 (1997)

CANPARTNERS INVESTMENTS IV, LLC, and Cerberus Partners, L.P., Plaintiffs, v. ALLIANCE GAMING CORP., Defendant.

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

Order Granting Reconsideration December 18, 1997.

Attorney(s) appearing for the Case

Robert Abrahams, Schulte Roth & Zabel, LLP, New York, NY, for Plaintiffs.

Michael L Hirschfeld, Millbank, Tweed, Hadley & McCloy, New York, NY, for Defendant.

OPINION AND ORDER

BAER, District Judge:

Defendant removed this breach of contract action from state court and now moves to dismiss the complaint. For the reasons discussed below, the motion is GRANTED in part and DENIED in part.

BACKGROUND

Plaintiffs Canpartners and Cerberus entered into a Commitment Letter dated August 30, 1995 ("Letter") with defendant Alliance Gaming, pursuant to which plaintiffs agreed to fund Alliance's subsidiary...

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