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SCHREIBER v. REPUBLIC INTERMODAL CORP.

473 Pa. 614 (1977)

375 A.2d 1285

Harry SCHREIBER, Schreiber Transport, Inc., and Sullivan Lines, Inc., Appellants, v. REPUBLIC INTERMODAL CORPORATION and Lazard Freres, Appellees, and Union National Bank of Pittsburgh, Garnishee. SULLIVAN LINES, INC., Appellant, v. DORIS LEASING COMPANY, INC., and Republic Intermodal Corporation, Appellees, and Union National Bank of Pittsburgh, Garnishee.

Supreme Court of Pennsylvania.

Decided July 8, 1977.

Attorney(s) appearing for the Case

Judd N. Poffinberger, Jr., David H. Ehrenwerth, Daniel D. Dinur, Kirkpatrick, Lockhart, Johnson & Hutchinson, Marvin Schreiber, Schreiber & Schreiber, Pittsburgh, for appellants.

Marcus Aaron II, John P. Edgar, Berkman, Ruslander, Pohl Lieber & Engel, Pittsburgh, Michael T. Sullivan, Bartel, Engelman & Fishman, New York City, for Republic Intermodal Corporation, appellee.

M. Bruce McCullough, Buchanan, Ingersoll, Rodewald, Kyle & Buerger, Pittsburgh, for garnishee.

Before JONES, C.J., and EAGEN, O'BRIEN, ROBERTS, POMEROY and MANDERINO, JJ.

OPINION OF THE COURT

ROBERTS, Justice.

Appellants Harry Schreiber, Schreiber Transport, Inc. (Schreiber Transport), and Sullivan Lines, Inc. (Sullivan Lines), obtained writs of foreign attachment directing the sheriff to sequester an irrevocable letter of credit in favor of appellee, Republic Intermodal Corporation (R.I.C.), held by Union National Bank (Union Bank) at its Pittsburgh office. On February 10, 1976,...

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