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LNC INVESTMENTS, INC. v. FIRST FIDELITY BANK

No. 92 Civ. 7584(CSH).

126 F.Supp.2d 778 (2001)

LNC INVESTMENTS, INC. and Chapter National Life Insurance Co., Insurance Co., Plaintiffs, v. FIRST FIDELITY BANK, National Association, New Jersey, United Jersey Bank and National Westminster Bank, N.J., Defendants.

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

January 25, 2001.

Attorney(s) appearing for the Case

Butler, Fitzgerald & Potter (Raymond Fitzgerald, David McCarthy, of counsel), New York City, for Plaintiffs.

McCarter & English, LLP, (Seth T. Taube, Richard W. Hill, Steven A. Beckelman, David J. Adler, Joseph T. Boccassini, of counsel), Newark, NJ, for Defendant First Fidelity Bank.

Pollack & Kaminsky (Daniel A. Pollack, Martin I. Kaminsky, Edward T. McDermott, of counsel), New York City, for Defendants United Jersey Bank and Westminster Bank, N.J.

MEMORANDUM OPINION AND ORDER

HAIGHT, Senior District Judge.

Following a jury verdict in defendants' favor on the issue of liability, plaintiffs move for judgment as a matter of law ("JMOL") under Rule 50(b), Fed.R.Civ.P., or in the alternative for a new trial under Rule 59.

I. PROCEDURAL HISTORY

Plaintiffs-movants LNC Investments, Inc. ("LNC") and Charter National Life Insurance Company (collectively "the Bondholders") brought this action...

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