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LASALA v. BORDIER ET CIE

Civl Action No. 05-4520 (JAP).

452 F.Supp.2d 575 (2006)

Joseph P. LASALA and Fred S. Zeidman, as Co-Trustees of the Aremissoft Corporation Liquidating Trust, Plaintiffs, v. BORDIER ET CIE and Dominick Company, AG, Defendants.

United States District Court, D. New Jersey.

September 11, 2006.

Attorney(s) appearing for the Case

Hal M. Hirsch, Esq., David Jay, Esq., Greenberg Traurig, LLP, Florham Park, NJ, for Plaintiffs.

William B. McGuire, Esq., Tompkins, McGuire, Wachenfeld & Barry, LLP, Newark, NJ, Elliot Cohen, Esq., Troutman Sanders LLP, New York City, for Bordier et Cie.

Anthony J. Laura, Esq., Paul J. Bschorr, Esq., John J. Zefutie, Jr., Esq., Reed Smith LLP, Newark, NJ, for Dominick Company, AG.

OPINION

PISANO, District Judge.

Plaintiffs, Joseph P. LaSala and Fred S. Zeidman, Co-Trustees (the "Trustees") of the AremisSoft Corporation Liquidating Trust (the "Trust"), brought the instant lawsuit against Defendants, Bordier et CIE ("Bordier") and Dominick Company, AG ("Dominick"), two private Swiss banks, on September 15, 2005. Plaintiffs claim that Defendants aided and abetted the breach of fiduciary duty by former AremisSoft principals, Lycourgos...

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