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SWISS CREDIT BANK v. CHEMICAL BANK

No. 73 Civ. 4701 (CHT).

422 F.Supp. 1305 (1976)

SWISS CREDIT BANK, Plaintiff, v. CHEMICAL BANK, Defendant.

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

October 20, 1976.

Attorney(s) appearing for the Case

Milbank, Tweed, Hadley & McCloy, New York City, for plaintiff; Roger Boyle, New York City, of counsel.

Bingham, Englar, Jones & Houston, New York City, for defendant; Joseph A. Kilbourn, James R. Sullivan, Nicholas Camera, New York City, of counsel.

MEMORANDUM

TENNEY, District Judge.

Plaintiff, Swiss Credit Bank ("Swiss Credit"), moves for summary judgment, pursuant to Rule 56 of the Federal Rules of Civil Procedure on the grounds that under Sections 3-404 and 3-406 of the New York Uniform Commercial Code ("N.Y.U.C.C." or the "Code") defendant Chemical Bank is precluded from denying its forged endorsements on three promissory notes, the subject matter of...

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