Ocean Rig ASA v. Safra Nat. Bank of New York
District Court, S.D. New York
1Opinion of the Court
AMENDED OPINION AND ORDER
SCHEINDLIN, District Judge.
I. Introduction
Plaintiff Ocean Rig ASA (“Ocean Rig”) seeks redress for the allegedly wrongful dishonor by Defendant Safra National Bank of New York (“Safra”) of a standby letter of credit in the amount of $15,000,-000. Defendant moves to dismiss all of Plaintiffs claims under Fed.R.Civ.P. 12(b)(6) or, in the alternative, moves for summary judgment pursuant to Rule 56.
Ocean Rig cross-moves for summary judgment on three of its six causes of action. For purposes of summary judg ment, Ocean Rig and Safra stipulate to all material issues of fact.…
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