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MORGAN STANLEY GROUP, INC. v. NEW ENGLAND INS. CO.

No. 95 Civ. 1728 (SHS).

7 F.Supp.2d 297 (1998)

MORGAN STANLEY GROUP, INC., and Morgan Stanley & Co., Incorporated, Plaintiffs, v. NEW ENGLAND INSURANCE CO. and ITT New England Management Co., Inc., Defendants.

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

Opinion Adhering to Decision on Reconsideration June 1, 1998.

Attorney(s) appearing for the Case

James W.B. Benkard, Davis Polk & Wardell, New York City, for Plaintiffs.

Stephen C. Cunningham, Siff, Rosen & Parker, New York City, Louis G. Adolfsen, Melito & Adolfsen, P.C., New York City, for Defendants.

ORDER

STEIN, District Judge.

This action stems from events beginning in 1985, when Morgan Stanley Mortgage Capital, an affiliate of plaintiffs Morgan Stanley Group, Inc., and Morgan Stanley & Co., Inc. (collectively, "Morgan Stanley"), was involved in the sale and purchase of participation interests in a $56 million loan from Siscorp, an Oklahoma corporation, to Fourth and Broadway Associates Ltd., made for the acquisition and renovation of a...

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