GATX Leasing Corp. v. DBM Drilling Corp.

OPINION

REEVES, Justice.

This is an appeal from an order of the trial court granting a temporary injunction. The appellee, DBM Drilling Corporation, obtained the injunction which prohibits appellants, GATX Leasing Corporation and GLC Finance Corporation, from presenting and appellee, Frost National Bank, from honoring an irrevocable stand-by letter of credit. Frost was allowed to interplead as a stakeholder and has deposited the funds into the registry of the court. This case presents questions as to the appropriate circumstances under which an injunction should be allowed under Tex.Bus. & Com.…