Royal Bank of Canada v. Weiss

Order of the Supreme Court, New York County (Carmen Beauchamp Ciparick, J.) entered April 20, 1990, which denied the motion by defendants-appellants to dismiss the complaint pursuant to CPLR 3211 (a) (7), unanimously reversed, on the law, the motion granted and the complaint dismissed, with costs. The clerk is directed to enter judgment in favor of defendants-appellants severing and dismissing plaintiff’s complaint as against them.

In December 1986, the plaintiff in this interpleader action, The Royal Bank of Canada, issued irrevocable letters of credit securing the obligation of…