Legal Opinion
Banco Di Roma v. Fidelity Union Trust Co.
District Court, D. New Jersey
Decided February 8, 1979No. Civ. A. 76-1820PublishedCited by 5 opinions
1Opinion of the Court
OPINION
COOLAHAN, Senior District Judge.
This is an action by a bank, which issued an irrevocable letter of credit, against an advising bank. The parties have made cross-motions for summary judgment. Because we have determined that there is a genuine issue of material fact, these motions must be denied.
Plaintiff, Banco di Roma, seeks to recover $298,816.15 from defendant Fidelity Union Trust Company (“Fidelity”) for Fidelity’s improper payment of a letter of credit issued by Banco di Roma. The bulk of the pertinent facts in this case are contained in telexes sent back and forth between the…
2Cases cited9 opinions
- Venizelos, S.A. v. Chase Manhattan BankCourt of Appeals for the Second Circuit · 1970
- Barclays Bank D. C. O. v. Mercantile National BankCourt of Appeals for the Fifth Circuit · 1973
- Courtaulds North America, Inc. v. North Carolina National Bank, a National Banking AssociationCourt of Appeals for the Fourth Circuit · 1975
- Chase Manhattan Bank v. EquibankCourt of Appeals for the Third Circuit · 1977
- Dynamics Corp. of America v. Citizens & Southern National BankDistrict Court, N.D. Georgia · 1973
4 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Wyle v. Bank Melli of Tehran, IranDistrict Court, N.D. California · 1983
- Storage Technology Corporation v. The Trust Company of New JerseyCourt of Appeals for the Third Circuit · 1988
- Certain Underwriters at Lloyd's of London v. AlesiDistrict Court, D. New Jersey · 2011
- Engel Industries, Inc. v. First American Bank, N.A.District Court, District of Columbia · 1992
- Bell Atlantic Tricon Leasing Corp. v. Pacific Contracting Corp.District Court, S.D. New York · 1989