Legal Opinion
National Bank & Trust Co. of North America, Ltd. v. J. L. M. International, Inc.
District Court, S.D. New York
Decided December 20, 1976No. 76 Civ. 1493 (GLG)PublishedCited by 4 opinions
1Opinion of the Court
OPINION
GOETTEL, District Judge.
This action results from a complex series of international commercial and financial transactions arising from an apparent attempt by Nigeria to corner the world’s cement market. Following is a brief recitation of the relevant facts. 1 On March 1, 1975, an agreement was reached by which the Federal Republic of Nigeria promised to purchase from J.L.M. International, Inc. (“J.L.M.”), a Massachusetts corporation, 240,000 metric tons of cement at $60 per metric ton “C.I.F. Lagos” for a total of $14,400,000. The contract provided, inter alia, that Nigeria would cause…
2Cases cited23 opinions
- Harris v. BalkSupreme Court of the United States · 1905
- Seider v. RothNew York Court of Appeals · 1966
- Steinbeck v. GerosaNew York Court of Appeals · 1958
- Victory Transport Incorporated, Owner of the S.S. Hudson v. Comisaria General De Abastecimientos Y Transportes, Voyage Charterer of thes.s. HudsonCourt of Appeals for the Second Circuit · 1964
- J. Zeevi & Sons, Ltd. v. Grindlays BankNew York Court of Appeals · 1975
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3Cited by4 opinions
- Computer Strategies, Inc. v. Commodore Business Machines, Inc.Appellate Division of the Supreme Court of the State of New York · 1984
- National American Corp. v. Federal Republic of NigeriaDistrict Court, S.D. New York · 1977
- Bank Leumi Trust Co. of New York v. Istim, Inc.District Court, S.D. New York · 1995
- O'Connell v. Pincus (In re Our Distribution Co.)District Court, S.D. New York · 1990