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UNITED INDUS. CORP. v. IFTE PLC

No. 01 CIV. 10757(RMB).

293 F.Supp.2d 296 (2003)

UNITED INDUSTRIAL CORPORATION, a Delaware corporation, Plaintiff, v. IFTE plc, a company organized under the laws of England and Wales, Defendant.

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

August 14, 2003.

Attorney(s) appearing for the Case

Bruce Stephen Meyer and Lianne Pinchuk, Weil Gotshal & Manges, L.L.P. New York City, for plaintiff.

Frank T. Spano, Hogan & Hartson LLP, New York City, for defendant.

ORDER

BERMAN, District Judge.

I. Background

In this action, filed on November 29, 2001, United Industrial Corp. ("Plaintiff") alleges that IFTE plc ("Defendant") breached an August 1, 2000 agreement ("SPA") to acquire all of the outstanding stock of Symtron Systems, Inc. ("Symtron"). Symtron, Plaintiff's former subsidiary, provides fire simulation systems used to train firefighters. (See Plaintiff's Statement Pursuant to Rule 56.1 ("Pl....

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