Menthor, S.A. v. Swiss Bank Corp.

LASKER, District Judge.

This action, which raises a number of complicated and technical questions of banking law, concerns a dispute between Manufacturers Hanover Trust Co., Swiss Bank Corp., Chemical Bank, Banco di Napoli and Banco Popular de Puerto Rico as to who is liable for the loss of seven checks totalling $52,059.72, which disappeared somewhere in the international banking system. The facts are as follows: 1

In late December, 1977, Walter N. Rojas, an employee of Menthor, S.A. (“Menthor”), received from Exprinter Casa Bancaria (“Exprinter”) seven checks drawn on Ex-printer’s account at…