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ADVANCED MARINE TECHNOLOGIES v. BURNHAM SECURITIES

No. 97 Civ. 7004(LAK).

16 F.Supp.2d 375 (1998)

ADVANCED MARINE TECHNOLOGIES, INC., Plaintiff, v. BURNHAM SECURITIES, INC., et al., Defendants.

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

August 7, 1998.

Attorney(s) appearing for the Case

Alexander Berkovich, Berkovich and McMenamin, New York City, for Plaintiff.

Henry P. Wasserstein, Skadden, Arps, Slate, Meagher & Flom, New York City, for Defendant Burnham Securities, Inc.

Michael W. Mitchell, Morvillo, Abramowitz, Grand, Iason & Silberberg, P.C., New York City, for Defendant A. Michael Victory.

MEMORANDUM OPINION

KAPLAN, District Judge.

Plaintiff Advanced Marine Technologies, Inc. ("AMT") claims that defendant Burnham Securities, Inc. ("Burnham"), through its officer, A. Michael Victory, agreed to obtain financing for AMT and then failed to perform. It seeks to recover damages on theories of breach of contract, fraud, promissory estoppel, and negligence, among others. Burnham and Victory seek dismissal of the complaint on the grounds that there...

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