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CHASE MANHATTAN BANK v. MOTOROLA, INC.

No. 00 CIV 4838(AKH).

184 F.Supp.2d 384 (2002)

The CHASE MANHATTAN BANK, Plaintiff, v. MOTOROLA, INC., Defendant.

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

February 11, 2002.

Attorney(s) appearing for the Case

Barry R. Ostrager, David J. Woll, Mary Kay Vyskocil, Michelle A. Kisloff, Simpson, Thacher & Bartlett, New York City, for Plaintiff.

Joseph Serino, Jr., Kimberly Ziev Niehaus, Kirkland & Ellis, New York City, for Defendant.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

HELLERSTEIN, District Judge.

I. FINDINGS OF FACT

1. This is a breach of contract action in which The Chase Manhattan Bank ("Chase") seeks to enforce a $300 million guarantee obligation by Motorola, Inc. ("Motorola"), pledged by Iridium Operating LLC ("Iridium") as collateral for an $800 million loan by Chase and a consortium of lenders represented by Chase (collectively, the "Lenders").

2....

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