Bourgeois v. Chase Manhattan Bank

HERLANDS, District Judge.

Plaintiff and defendant Chase Manhattan Bank of New York, have each moved for summary judgment. Both motions are denied for the reasons set forth in this opinion.

The litigation in chief arises out of a banking transaction in 1955, whereby funds were to be transferred from France to the United States. This transaction involved, in one way or another, the following seven participants: the plaintiff, a resident of Miami, Florida; Banque Franeaise du Commerce Exterieur (referred to herein as “the French bank”); a client of the French bank, known as Chan tiers Navals de La…