Banque Worms v. Bankamerica International, Defendant-Third-Party Security Pacific International Bank, Third-Party

ALTIMARI, Circuit Judge:

Third-party defendant-appellant Security Pacific International Bank (“Security Pacific”) appeals from a judgment, entered in the United States District Court for the Southern District of New York (Robert P. Patterson, Jr., Judge), granting plaintiffappellee Banque Worms’ motion for summary judgment. On this appeal, Security Pacific contends that the district court erred by applying the Discharge for Value Rule, set forth at Section 14 of the Restatement of the Law of Restitution (1937). For the reasons stated below, we certified this issue to the New York Court of…