District Court, S.D. New York November 30, 1998, 97 CIV. 8536(SAS) (McMahon v. Providence Capitol Enterprises, Inc. (In Re McMaHon))

OPINION AND ORDER

SCHEINDLIN, District Judge.

*530

Plaintiffs, Scheme Administrators

1

of English

&

American Insurance Company Ltd. (“E & A”), seek a declaratory judgment that Defendant, Providence Capitol Enterprises, Inc. (“PCE”) is liable for approximately $65 million pursuant to a guarantee it signed as part of a series of agreements among E & A, PCE and related entities on January 27,1986.