A/s Krediit Pank v. The Chase Manhattan Bank

Appellant, an Estonian bank, brought an action in the District Court for the Southern District of New York, in April, 1956, for a judgment declaring that two persons were the only ones authorized to dispose of funds in its account with defendant, The Chase Manhattan Bank. Chase promptly answered and counterclaimed for interpleader. This was granted in a well-reasoned opinion by Judge Bryan, D.C., 155 F.Supp. 30 (1957). Many further motions ensued; the docket entries alone fill six and a half printed pages. Among other things, appellant sought to relitigate Chase’s right to interplead and…