Legal Opinion
Hong Kong Deposit and Guar. Co. Ltd. v. Hibdon
District Court, S.D. New York
Decided June 19, 1985No. 83 Civ. 5895(EW), 83 Civ. 5896(EW)PublishedCited by 4 opinions
1Opinion of the Court
EDWARD WEINFELD, District Judge.
This action, one of two consolidated actions, was instituted against the defendant Bradford A. Shaheen (“Shaheen”) for breach of written letter credit agreements and failure to pay when due two notes in the amounts of $1,244,737.45 and $614,-250.00, respectively, which sums were advanced by plaintiff banks to the defendant upon his execution and delivery of the notes, as required by the terms of the letter agreements. Following pretrial discovery, plaintiffs, Hong Kong Deposit & Guaranty Co. Ltd. (“HKDG”), Bil (Vila) Bank Ltd., and their respective liquidators,…
2Cases cited26 opinions
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- Thomas v. . ScuttNew York Court of Appeals · 1891
- Cayuga Harvester, Inc. v. Allis-Chalmers Corp.Appellate Division of the Supreme Court of the State of New York · 1983
- Jamestown Business College Assn. v. . AllenNew York Court of Appeals · 1902
- Mount Vernon Trust Co. v. BergoffNew York Court of Appeals · 1936
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3Cited by4 opinions
- Congress Financial Corp. v. John Morrell & Co.District Court, S.D. New York · 1992
- Hong Kong Deposit & Guaranty Co. v. Shaheen (In Re Shaheen)District Court, S.D. New York · 1990
- Hunt v. Bankers Trust Co.District Court, N.D. Texas · 1987
- Hong Kong Deposit Ltd. v. ShaheenCourt of Appeals for the Second Circuit · 1985