Legal Opinion
PNC Bank, National Ass'n v. Liberty Mutual Insurance
District Court, W.D. Pennsylvania
Decided January 10, 1996No. Civil Action 94-1692PublishedCited by 8 opinions
1Opinion of the Court
OPINION
CINDRICH, District Judge.
I. Introduction
This is an action for breach of warranty and fraudulent misrepresentation arising out of the bank issuer’s payment of $3 million to the beneficiary upon presentment of a sight draft drawn against an irrevocable, standby letter of credit. The issuer, PNC BANK, (“PNC”) (formerly Pittsburgh National Bank), has its principal place of business in Pittsburgh, Pennsylvania, and the beneficiary, Liberty Mutual Insurance Company (“Liberty Mutual”), has its principal place of business in Boston, Massachusetts. Jurisdiction is predicated upon diversity of…
2Cases cited13 opinions
- Maria C. Maldonado v. Orlando RamirezCourt of Appeals for the Third Circuit · 1985
- Paton v. La PradeCourt of Appeals for the Third Circuit · 1975
- Chase Manhattan Bank v. EquibankCourt of Appeals for the Third Circuit · 1977
- Shaw v. StrackhouseCourt of Appeals for the Third Circuit · 1990
- Albert J. Wood v. R.R. Donnelley & Sons Company and Donnelley ReceivablesCourt of Appeals for the Third Circuit · 1989
8 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Fidler v. Central Cooperative Bank (In Re Fidler)United States Bankruptcy Court, D. Massachusetts · 1997
- Rieser v. Fifth Third Mortgage Co. (In Re Wahl)United States Bankruptcy Court, S.D. Ohio · 2009
- Sheedy v. Deutsche Bank National Trust Co. (In re Sheedy)United States Bankruptcy Court, D. Massachusetts · 2012
- Al Makaaseb General Trading Co. v. United States Steel International, Inc.District Court, W.D. Pennsylvania · 2006
- Banco Lavra, S.A. v. Cargil InternationalDistrict Court of Appeal of Florida · 1998
3 more not listed; retrieve them via the Exa API.