Legal Opinion

Industrial Bank of Korea v. JP Morgan

Civil Court of the City of New York

Decided April 22, 2002Published

1Opinion of the Court

OPINION OF THE COURT

Carol R. Edmead, J.

Plaintiff Industrial Bank of Korea, NY Branch (Korea) moves for an order striking the answer of defendant JP Morgan and Chase Manhattan Bank (Chase) and granting it summary judgment.

*220Defendant Chase cross-moves for an order granting it, on default, judgment against additional defendants on cross claims, Graceland Fashions, Inc. (Graceland) and Hanen Kris Corp. (Hanen), in the amount of any judgment recovered by plaintiff Korea against defendant Chase.

On November 22, 2000, at about 11:00 a.m., Graceland deposited a check in the sum of $23,150 in its…

2Cases cited5 opinions

  1. Quistgaard v. EAB European American Bank & Trust Co.Appellate Division of the Supreme Court of the State of New York · 1992
  2. Gates v. Manufacturers Hanover Trust Co.Appellate Division of the Supreme Court of the State of New York · 1983
  3. U.S. Printnet, Inc. v. Chemung Canal Trust Co.Appellate Division of the Supreme Court of the State of New York · 2000
  4. Turbine Federal Credit Union v. Amsterdam Federal Savings & Loan Ass'nAppellate Division of the Supreme Court of the State of New York · 1996
  5. Banco Di Roma v. Merchants BankAppellate Division of the Supreme Court of the State of New York · 1998

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