Legal Opinion
Sawyer v. E. A. Gralia Construction Co. (In Re Pine Tree Electric Co.)
United States Bankruptcy Court, D. Maine
Decided December 16, 1981No. 19-20029PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM OPINION
FREDERICK A. JOHNSON, Bankruptcy Judge.
A preliminary injunction is sought by the Debtor, Pine Tree Electric Co., Inc. and Hollis R. Sawyer to enjoin Northeast Bank of Lewiston and Auburn from honoring an “Irrevocable Letter of Credit” established between the Bank and E. A. Gralia Construction Co., Inc. and to enjoin Gralia from pursuing its demand on the Bank for payment. By an order of this Court entered December 1, 1981, Northeast Bank was temporarily restrained from honoring Gra-lia’s demand on the Letter of Credit of October 27, 1980 pending a hearing on the preliminary…
2Cases cited9 opinions
- Kmw International v. Chase Manhattan Bank, N. A.Court of Appeals for the Second Circuit · 1979
- O'Grady v. First Union National BankSupreme Court of North Carolina · 1978
- Siderius, Inc. v. Wallace Co., Inc.Court of Appeals of Texas · 1979
- United Technologies Corp. v. Citibank, N.A.District Court, S.D. New York · 1979
- Interco, Incorporated v. The First National Bank of BostonCourt of Appeals for the First Circuit · 1977
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3Cited by2 opinions
- Originala Petroleum Corp. v. Beta Financial & Investments Corp. (In Re Originala Petroleum Corp.)United States Bankruptcy Court, N.D. Texas · 1984
- Diamond MacHine Co. v. Casco Northern Bank, N.A. (In Re Diamond MacHine Co.)United States Bankruptcy Court, D. Maine · 1988