Touche Ross & Co. v. Manufacturers Hanover Trust Co.
New York Supreme Court
1Opinion of the Court
OPINION OF THE COURT
Hilda G. Schwartz, J.
Plaintiff Touche Ross & Co. (Touche Ross) moves for a preliminary injunction pendente lite enjoining defendant Manufacturers Hanover Trust Company (Manufacturers) from making any payment under a certain letter of credit, No. 148535, issued by defendant Manufacturers in favor of defendant Bank Saderat in the amount of $400,000, including specifically enjoining Manufacturers from setting up a blocked account pursuant to regulations issued by the Department of the Treasury of the United States (Treasury Regulations) and for an order *439granting plaintiff…
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