Banque De L'Union Haitienne, S.A. v. Manufacturers Hanover International Banking Corp.

MEMORANDUM OPINION AND ORDER OF SUMMARY JUDGMENT

MARCUS, District Judge.

THIS CAUSE comes before the Court upon Defendant’s Motion to Dismiss Plaintiffs Complaint, or in the alternative, a Motion for Summary Judgment, and Plaintiff’s Cross-motion for Summary Judgment. For the reasons set forth below, Plaintiff’s Motion for Summary Judgment is DENIED and Defendant’s Motion for Summary Judgment is GRANTED.

In this action, Plaintiff seeks damages in the amount of $1,473,189, resulting _ from Defendant’s alleged improper payment of an international documentary letter of credit. Both parties move for…