Legal Opinion
U. S. Industries, Inc. v. Second New Haven Bank
District Court, D. Connecticut
Decided November 17, 1978No. Civ. N-75-305PublishedCited by 15 opinions
1Opinion of the Court
MEMORANDUM OF DECISION
DALY, District Judge.
This is an action by the plaintiff, U. S. Industries, Inc., to recover damages from the defendant, Second New Haven Bank, for defendant’s failure to honor an irrevocable letter of credit issued by the defendant in favor of the plaintiff. Jurisdiction is based on diversity of citizenship, 28 U.S.C. § 1332.
The material facts in this matter are largely undisputed. On June 6, 1975, on instruction from Railroad Salvage, Inc., defendant issued a letter of credit in plaintiff’s favor for sums up to $80,000, covering certain goods to be shipped by plaintiff…
2Cases cited5 opinions
- Venizelos, S.A. v. Chase Manhattan BankCourt of Appeals for the Second Circuit · 1970
- Maurice O'Meara Co. v. National Park BankNew York Court of Appeals · 1925
- Barclays Bank D. C. O. v. Mercantile National BankCourt of Appeals for the Fifth Circuit · 1973
- Flagship Cruises, Ltd. v. New England Merchants National Bank of Boston, and Chemical BankCourt of Appeals for the First Circuit · 1978
- Banco Espanol De Credito v. State Street Bank and Trust Company, (Two Cases)Court of Appeals for the First Circuit · 1967
3Cited by15 opinions
- Bank of Cochin Ltd. v. Manufacturers Hanover Trust Co.District Court, S.D. New York · 1985
- First Arlington National Bank v. StathisAppellate Court of Illinois · 1980
- Data General Corp. v. Citizens National BankDistrict Court, D. Connecticut · 1980
- Northern Trust Co. v. Oxford Speaker Co.Appellate Court of Illinois · 1982
- Consolidated Aluminum Corp. v. Bank of VirginiaDistrict Court, D. Maryland · 1982
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