Legal Opinion
First Union National Bank v. Paribas
District Court, S.D. New York
Decided March 29, 2001No. 00 Civ. 5397(LAK), 00 Civ. 5398(LAK), 00 Civ. 5400(LAK), 00 Civ. 5401(LAK)PublishedCited by 17 opinions
1Opinion of the Court
MEMORANDUM OPINION
KAPLAN, District Judge.
These cases have their origins in what appears to have been a- massive fraudulent scheme perpetrated in London that now is under investigation by the Serious Fraud Office of the London police, has resulted in a number of arrests, and has led to extensive litigation there.
The essence of the scheme appears to have been as follows: A Middle Eastern corporation known as Solo Industries Limited (“Solo”) applied to many banks, chiefly located in the Middle East, for deferred payment letters of credit (“LCs”) in favor of a U.K. based company, Simetal Limited…
2Cases cited35 opinions
- Gulf Oil Corp. v. GilbertSupreme Court of the United States · 1947
- Piper Aircraft Co. v. ReynoSupreme Court of the United States · 1982
- Koster v. (American) Lumbermens Mutual Casualty Co.Supreme Court of the United States · 1947
- American Dredging Co. v. MillerSupreme Court of the United States · 1994
- Islamic Republic of Iran v. PahlaviNew York Court of Appeals · 1984
30 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Duha v. Agrium, Inc.Court of Appeals for the Sixth Circuit · 2006
- LaSala v. Bank of Cyprus Public Co. Ltd.District Court, S.D. New York · 2007
- LaSala v. UBS, AGDistrict Court, S.D. New York · 2007
- Gilstrap v. Radianz Ltd.District Court, S.D. New York · 2006
- Stanley Works Isr. Ltd. v. 500 Grp., Inc.District Court, D. Connecticut · 2018
12 more not listed; retrieve them via the Exa API.