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NATIONAL SHAWMUT BANK OF BOSTON v. INTERNATIONAL YARN CORP.

No. 69 Civ. 4095.

322 F.Supp. 116 (1970)

The NATIONAL SHAWMUT BANK OF BOSTON, Plaintiff, v. INTERNATIONAL YARN CORPORATION, Defendant. The NATIONAL SHAWMUT BANK OF BOSTON, Plaintiff, v. MILL FACTORS CORPORATION, Defendant.

United States District Court, S. D. New York.

July 14, 1970.

Attorney(s) appearing for the Case

Otterbourg, Steindler, Houston & Rosen, New York City, for plaintiff.

Guzik & Boukstein, Weil, Gotshal & Manges, New York City, for defendants.

MOTLEY, District Judge.

These consolidated actions arise out of the sale of yarn by an Italian corporation, Novaceta, to the defendant in the first action, International Yarn Corporation (IYC), a Puerto Rican corporation with a principal place of business in Cleveland, Tennessee and an office in New York City. The defendant in the second action, Mill Factors Corporation (Mill), a New York corporation, guaranteed Novaceta prompt payment for the yarn by IYC.

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