UNITED BANK LTD. v. COSMIC INTERN., INC.

Nos. 164 to 166, 170, Dockets 75-7287, 75-7320, 75-7325 and 75-7363.

542 F.2d 868 (1976)

UNITED BANK LIMITED, Plaintiff-Appellee-Appellant, v. COSMIC INTERNATIONAL, INC., Defendant-Appellee, JANATA BANK and Amin Jute Mills, Ltd., Plaintiffs-Appellants, v. COSMIC INTERNATIONAL, INC. and Irving Trust Company, Defendants-Appellees. SONALI BANK and Nishat Jute Mills, Ltd., Plaintiffs-Appellants, v. IRVING TRUST COMPANY and Cosmic International, Inc., Defendants-Appellees. NISHAT JUTE MILLS, LTD. and National Bank of Pakistan, Plaintiffs-Appellees-Appellants, v. COSMIC INTERNATIONAL, INC., Defendant-Appellee.

United States Court of Appeals, Second Circuit.

Decided September 30, 1976.


Attorney(s) appearing for the Case

Jerome Lipper, New York City (Leon, Weill & Mahony, and Barry J. Bendes, New York City, of counsel), for plaintiffs-appellants Janata Bank, Amin Jute Mills, Ltd., Sonali Bank, and Nishat Jute Mills, Ltd.

Louis L. Stanton, Jr., New York City (Carter, Ledyard & Milburn, and Chester J. Wrobleski, New York City, of counsel), for plaintiff-appellee-appellant United Bank Limited.

Judith S. Kaye, New York City (Olwine, Connelly, Chase, O'Donnell & Weyher, and Stephen Schlessinger, New York City, of counsel), for plaintiffs-appellees-appellants National Bank of Pakistan and Nishat Jute Mills, Ltd.

John S. Rogers, New York City (Burlingham, Underwood & Lord, and Alexander S. Kritzalis, New York City, of counsel), for defendant-appellee Cosmic International, Inc.

Before MOORE and TIMBERS, Circuit Judges, and COFFRIN, District Judge.


COFFRIN, District Judge:

This action involves a dispute between Bangladesh and Pakistani plaintiffs1 concerning the right to receive payment for jute products which were exported from the former territory of East Pakistan and resold in the United States prior to December 16, 1971, the day that Bangladesh won its independence from Pakistan. The complicated factual circumstances surrounding this matter have already been well summarized by...

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