Bernhard v. UBAF Arab American Bank

Judgment, Supreme Court, New York County (David Saxe, J.), entered May 9, 1989, summarily dismissing the complaint, unanimously affirmed, without costs. Appeal from order of said court entered May 3, 1989 dismissed as subsumed in the appeal from the subsequent judgment, without costs.

In this libel action, defendants circulated to corresponding banks an electronic message, known as a "SWIFT”, announcing that effective immediately plaintiff, the bank’s senior vice-president and treasurer, could no longer act on behalf of the bank. This followed on the heels of an earlier "SWIFT” announcing…