Legal Opinion
Ross Bicycles, Inc. v. Citibank, N.A.
Appellate Division of the Supreme Court of the State of New York
Decided January 6, 1994PublishedCited by 6 opinions
1Opinion of the Court
—Order, Supreme Court, New York County (Beverly Cohen, J.), entered October 29, 1992, which *380denied defendant Citibank’s motion for summary judgment, granted plaintiff Ross Bicycles partial summary judgment in the amount of $189,056, plus interest, and allowed Ross Bicycles to pursue a claim for anticipatory repudiation, and judgment of said court and Justice entered December 4, 1992 upon said order, unanimously affirmed, with costs.
It is uncontested that Citibank issued an irrevocable letter of credit to Wedtech Corporation with Ross Bicycles as the beneficiary. Upon the presentation of…
2Cases cited2 opinions
- J. Zeevi & Sons, Ltd. v. Grindlays BankNew York Court of Appeals · 1975
- First Commercial Bank v. Gotham Originals, Inc.New York Court of Appeals · 1985
3Cited by6 opinions
- Inter-Power of New York, Inc. v. Niagara Mohawk Power Corp.Appellate Division of the Supreme Court of the State of New York · 1999
- Emposimato v. CIFC Acquisition Corp.Appellate Division of the Supreme Court of the State of New York · 2011
- Ross Bicycles, Inc. v. Citibank, N.A.New York Supreme Court · 1994
- Capital Master Fund LP v. Wachovia Capital Markets, LLCAppellate Division of the Supreme Court of the State of New York · 2012
- De Smeth v. Bank of New YorkDistrict Court, S.D. New York · 1995
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