Cappaert Enterprises v. Citizens & Southern International Bank

JACK M. GORDON, J., District Judge.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

This case involves an international letter of credit between Cappaert Enterprises (“Cappaert”), as the customer; Citizens and Southern International Bank of New Orleans (“C & S Bank”), as the issuing bank; and the Bank of Kuwait and the Middle ■East (“BKME”) as the beneficiary. Based upon Cappaert’s unrebutted representation that fraud occurred in the transaction this Court entered a temporary restraining order and subsequently granted a preliminary injunction predicated upon Cappaert’s demonstration that there existed…