National Union Fire Ins. Co. of Pittsburgh, PA v. Standard Federal Bank, NA

MEMORANDUM OPINION AND ORDER

GADOLA, District Judge.

This case involves the interpretation of a standby letter of credit. Plaintiffs claim that Defendant wrongfully refused Plaintiffs’ request for payment on a standby letter of credit. Defendant claims that payment was properly denied because Plaintiffs’ request for payment did not conform with the terms of the letter of credit. Both parties have filed motions for summary judgment. For the reasons stated below, the Court will grant Defendant’s motion and deny Plaintiffs’ motion.

I. BACKGROUND

The parties do not dispute the facts in this case.…