Legal Opinion
Diamond MacHine Co. v. Casco Northern Bank, N.A. (In Re Diamond MacHine Co.)
United States Bankruptcy Court, D. Maine
Decided December 6, 1988No. 19-20093PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM OF DECISION
FREDERICK A. JOHNSON, Chief Judge.
Debtor, by verified complaint, seeks to enjoin Casco Northern Bank, N.A., (Casco), as trustee under an Indenture of Trust, from drawing on a Letter of Credit issued by Rhode Island Hospital Trust (RIHT) in favor of Casco. The letter of credit was issued upon request of the Debtor to assure payment of principal and interest under certain Industrial Revenue Bonds issued by the City of Lewiston, the proceeds of which were used by Debtor for expansion and operation of its business.
Upon the debtor’s ex parte motion, which revealed the absence…
2Cases cited9 opinions
- Itek Corporation v. The First National Bank of Boston, Bank Melli IranCourt of Appeals for the First Circuit · 1984
- Massachusetts Association of Older Americans v. Alexander Sharp, Ii, Etc.Court of Appeals for the First Circuit · 1983
- Page v. First National Bank of MaryLand (In Re Page)District Court, District of Columbia · 1982
- Insurance Company of North America v. Heritage Bank, N. ACourt of Appeals for the Third Circuit · 1979
- UV Industries, Inc. v. PosnerDistrict Court, D. Maine · 1979
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3Cited by2 opinions
- First Fidelity Bank, N.A. v. Prime Motor Inns, Inc. (In Re Prime Motor Inns, Inc.)District Court, S.D. Florida · 1991
- Pembroke Development Corp. v. Carteret Savings Bank, F.A. (In Re Pembroke Development Corp.)United States Bankruptcy Court, S.D. Florida. · 1990