Bank of New York v. Meridien BIAO Bank Tanzania Ltd.

MEMORANDUM AND ORDER

JAMES C. FRANCIS, IV, United States Magistrate Judge.

This diversity case arises out of a purported $15.15 million pledge of accounts made by defendant Meridien BIAO Bank Tanzania Limited (“Meridien Tanzania”) to The Bank of New York and JCPL Leasing Corp. (collectively “BNY”) to secure certain obligations of Meridien International Bank (“Meridien International”). Defendant Deposit Insurance Board (“DIB”) is the assignee of Meri-dien Tanzania. The parties have each submitted motions to compel the production of certain documents and for sanctions pursuant to Rule 37 of the…