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BANCO NACIONAL de CUBA v. FIRST NATIONAL CITY BANK OF N.Y.

No. 60 Civ. 4664.

270 F.Supp. 1004 (1967)

BANCO NACIONAL de CUBA, Plaintiff, v. The FIRST NATIONAL CITY BANK OF NEW YORK, Defendant.

United States District Court S. D. New York.

July 20, 1967.

Attorney(s) appearing for the Case

Shearman & Sterling, New York City, for defendant; Henry Harfield, Charles C. Parlin, Jr., William Harvey Reeves, New York City, of counsel.

Rabinowitz & Boudin, New York City, for plaintiff; Victor Rabinowitz, Mary M. Kaufman, Henry Winestine, Eleanor Fischer, New York City, of counsel.

OPINION

FREDERICK van PELT BRYAN, District Judge:

This action by Banco Nacional of Cuba (Banco Nacional), the financial agent of the Government of Cuba, against The First National City Bank of New York (First National City) is one of the numerous cases before me raising issues arising out of confiscations of American-owned property in Cuba by the Castro Government.

The amended complaint alleges two claims for relief, the first for the excess realized...

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