Imptex International Corp. v. HSBC Bank USA, N.A.

Order, Supreme Court, New York County (Charles E. Ramos, J), entered March 16, 2007, which, in an action to recover damages for wrongful honor of three presentments on a letter of credit, denied plaintiff’s motion for summary judgment and granted defendant’s cross motion for summary judgment dismissing the complaint, unanimously modified, on the law, to deny so much of defendant’s cross motion for summary judgment with respect to the third presentment on the letter of credit, and grant plaintiffs motion for summary judgment on the third presentment, and otherwise affirmed, without costs, and…