Legal Opinion
Bank of New York v. Amoco Oil Co.
District Court, S.D. New York
Decided August 26, 1993No. 90 Civ. 1617 (CHT)PublishedCited by 3 opinions
1Opinion of the Court
OPINION
TENNEY, District Judge:
The plaintiff Bank of New York (“BNY”) brought this action in March of 1990 seeking damages incurred because the defendant, Amoco Oil Company (“Amoco”), allegedly wrongfully refused to turn over certain platinum to BNY. By the time BNY obtained the platinum, it was able to sell the metal only at a reduced price. BNY bases its rights to the platinum on holding certificates issued by Amoco, which were given to BNY as collateral for loans to Drexel Burnham Lambert Trading Corp. (“DBL Trading”).
BNY is a New York corporation with its principal place of business in the…
2Cases cited11 opinions
- Chemical Bank v. HaskellNew York Court of Appeals · 1980
- Hodges v. Anderson (George B. Kerr, Inc.)United States Bankruptcy Court, D. South Carolina · 1981
- Gerard v. Bank of New York & Trust Co.New York Court of Appeals · 1934
- State Ex Rel. Public Service Commission v. R. F. Gunkelman & Sons, Inc.North Dakota Supreme Court · 1974
- Michigan National Bank v. Michigan Livestock ExchangeMichigan Supreme Court · 1989
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3Cited by3 opinions
- Bank of New York v. Amoco Oil Co.Court of Appeals for the Second Circuit · 1994
- BII Finance Co. v. U-States Forwarding Services Corp.California Court of Appeal · 2002
- The Bank of New York v. Amoco Oil Company, Amoco Oil Company, Counter-Claimant v. The Bank of New York, Counter-Defendant. Amoco Oil Company, Third-Party v. Drexel Burnham Lambert Trading Corporation, Third-PartyCourt of Appeals for the Second Circuit · 1994