Instituto Nacional De Comercializacion Agricola v. Continental Illinois National Bank & Trust Co.

MEMORANDUM OPINION AND ORDER *

SHADUR, District Judge.

Instituto Nacional de Comercialización Agrícola (“Indeca”), a quasi-national corpo ration organized under Guatemalan law, has as part of its responsibility the purchase on international markets of foodstuffs and agricultural staples for the Guatemalan people. It sues a group of defendants for an allegedly fraudulent scheme in which Indeca was bilked of over $5 million in its attempted purchase of 6,000 metric tons of black beans that proved to be nonexistent. 1

Indeca has now moved for summary judgment under Fed.R.Civ.P. (“Rule”) 56 against…