Atlas Mini Storage, Inc. v. First Interstate Bank of Des Moines, N.A.

HABHAB, Judge.

In this equity action the plaintiff-appellant Atlas Mini Storage, Inc. (Atlas) sought a temporary and permanent injunction restraining defendant-appellee American Steel Building Company, Inc. (American Steel) from presenting and First Interstate Bank of Des Moines, N.A. (Bank) from honoring a draft drawn on a letter of credit issued by Bank for the benefit of American Steel. The trial court determined that Atlas was not entitled to a temporary injunction. We reverse.

A brief history of facts is necessary for a better understanding of this dispute. American Steel (headquartered in…