Cinerama, Inc., a New York Corporation v. Sweet Music, S.A., a Swiss Corporation, and Union Bank of Switzerland, a Swiss Corporation

FRIENDLY, Circuit Judge:

These appeals present an example of how a successful litigant’s effort at accelerating collection from an adversary, in a manner which on any view pressed the Rules of Civil Procedure to their limit, has produced substantial delay.

This action in the District Court for the Southern District of New York by Cinerama, Inc., a New York corporation, against two Swiss corporations, Sweet Music, S.A., and Union Bank of Switzerland, stemmed from a written guarantee delivered by Cinerama to the Bank of a loan to be made by the Bank to Sweet Music in order to finance the…