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WAYLAND INVESTMENT FUND v. MILLENIUM SEACARRIERS

No. 00Civ.2349(SHS).

111 F.Supp.2d 450 (2000)

WAYLAND INVESTMENT FUND, LLC, Plaintiff, v. MILLENIUM SEACARRIERS, INC., Defendant.

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

September 7, 2000.

Attorney(s) appearing for the Case

Anthony Princi, Orrick, Herrington & Sutcliffe, L.L.P., New York City, for Plaintiff.

Christopher F. Graham, Thacher Proffitt & Wood, New York City, for Defendant.

OPINION & ORDER

STEIN, District Judge.

Plaintiff Wayland Investment Fund, LLC ("Wayland") brought this action alleging that defendant Millenium Seacarriers, Inc. ("Millenium") erroneously calculated the interest paid on approximately $74 million in Exchange Notes issued by Millenium and purchased by Wayland. Prior to the commencement of discovery, Millenium has moved to dismiss the breach of contract claim in the Second Amended Complaint pursuant...

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