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JP MORGAN CHASE BANK v. WINNICK

No. 03 Civ. 8535(GEL).

406 F.Supp.2d 247 (2005)

JP MORGAN CHASE BANK, in its capacity as Administrative Agent under the Credit Agreement, Plaintiff, v. Gary WINNICK, Dan J. Cohrs, Lodwrick M. Cook, Hank Millner James C. Gorton, Joseph Clayton, Thomas J. Casey, S. Wallace Dawson Jr., Susan Dullabh, Thomas Robershaw, David A Walsh Joseph P. Perrone, Robin Wright, Patrick Joggerst, Brian Fitzpatrick, David Carrey, Jackie Armstrong, Mark Attanasio, David L. Lee, Geoffrey J.W. Kent, Eric Hippeau, Norman Brownstein, William E. Conway, Jr., Defendants.

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

August 16, 2005.

Attorney(s) appearing for the Case

Michael L. Hirshfeld, Andrew E. Tomback, Allan S. Brilliant, Millbank, Tweed, Hadley & McCloy LLP, New York City, for Plaintiff JP Morgan Chase as Administrative Agent.

Ralph C. Ferrara, Jonathan E. Richman, LeBoeuf, Lamb, Greene & MacRae LLP, New York City, Colby A. Smith, Jeffrey A. Alberts, Debevoise & Plimpton LLP, New York City, for Defendant Jackie Armstrong.

Edward M. Spiro, Morvillo, Abramowitz, Grand, Iason & Silberberg, P.C., New York City, for Defendant James C. Gorton.

OPINION AND ORDER

LYNCH, District Judge.

Plaintiff JP Morgan Chase Bank brings this action on behalf of a syndicate of commercial banks ("the Banks") against various officers, directors, and employees of telecommunications company Global Crossing Ltd. ("GC") in connection with a series of loans extended to GC between August 17, 2001, and September 28, 2001, pursuant to a credit agreement entered into in August 2000 (the "Credit Agreement"). Certain defendants...

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