French American Banking Corp. v. Flota Mercante Grancolombiana, S.A.
District Court, S.D. New York
1Opinion of the Court
MEMORANDUM & ORDER
KEVIN THOMAS DUFFY, District Judge:
Plaintiff, French American Banking Corporation (“FABC”), commenced this action to recover approximately $4 million plus interest due and payable to it for bills of lading for shipments of coffee issued by defendant Flota Mercante Grancolombiana, S.A. (“Flota”). Flota pledged these bills of lading to FABC in connection with amounts FABC loaned to Colombian Coffee Company (“Colombian”). When Colombian defaulted on the loans, FABC made a demand on Flota for the coffee covered by the bills of lading or the value thereof. Flota denied the…
2Cases cited13 opinions
- Adickes v. S. H. Kress & Co.Supreme Court of the United States · 1970
- Schering Corporation, Plaintiff-Appellee-Cross-Appellant v. Home Insurance Company, Defendant-Appellant-Cross-AppelleeCourt of Appeals for the Second Circuit · 1983
- Gordon v. Nationwide Mutual InsuranceNew York Court of Appeals · 1972
- Chemical Bank v. HaskellNew York Court of Appeals · 1980
- National Screen Service Corporation v. United States Fidelity and Guaranty CompanyCourt of Appeals for the Second Circuit · 1966
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3Cited by5 opinions
- Banque Worms v. Luis A. Duque Pena E Hijos, Ltda.District Court, S.D. New York · 1986
- French American Banking Corp. v. Flota Mercante Grancolombiana, S.A.District Court, S.D. New York · 1990
- Petition of BirdUnited States Bankruptcy Court, S.D. New York · 1998
- Ullman-Briggs, Inc. v. Salton, Inc.District Court, S.D. New York · 1991
- Meister v. Chase Manhattan Bank, N.A. (In re Stader)United States Bankruptcy Court, D. Connecticut · 1988