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U. S. INDUSTRIES, INC. v. SECOND NEW HAVEN BANK

Civ. No. N-75-305.

462 F.Supp. 662 (1978)

U. S. INDUSTRIES, INC., d/b/a, Webcor Electronics, Inc., Plaintiff, v. SECOND NEW HAVEN BANK, Defendant.

United States District Court, D. Connecticut.

November 17, 1978.

Attorney(s) appearing for the Case

John B. Nolan, Day, Berry & Howard, Hartford, Conn., for plaintiff.

Kalman A. Sachs, Sachs, Sachs & Sachs, New Haven, Conn., William F. Gallagher, New Haven, Conn., for defendant.

MEMORANDUM OF DECISION

DALY, District Judge.

This is an action by the plaintiff, U. S. Industries, Inc., to recover damages from the defendant, Second New Haven Bank, for defendant's failure to honor an irrevocable letter of credit issued by the defendant in favor of the plaintiff. Jurisdiction is based on diversity of citizenship, 28 U.S.C. § 1332.

The material facts in this matter are largely undisputed. On June 6, 1975, on instruction from...

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