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MANAS y PINEIRO v. CHASE MANHATTAN BANK, N. A.

No. 76 Civ. 2934.

443 F.Supp. 418 (1978)

Rosa Maria MANAS y PINEIRO, Plaintiff, v. CHASE MANHATTAN BANK, N. A., Defendant.

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

January 24, 1978.

Attorney(s) appearing for the Case

Lipkowitz & Plaut, New York City by Peter P. Kenny, New York City, of counsel, for plaintiff.

Milbank, Tweed, Hadley & McCloy, New York City by Andrew J. Connick and Toni C. Lichstein, New York City, of counsel, for defendant.

MEMORANDUM AND ORDER

OWEN, District Judge.

In 1958, defendant Chase Manhattan Bank, through a Cuban branch, issued five certificates of deposit to plaintiff Manas y Pineiro. When plaintiff presented these certificates for payment at defendant's headquarters in New York City in 1974 the bank refused to honor them, on the ground that plaintiff's account at the bank's Cuban branch had been confiscated by the revolutionary Cuban government in 1959, and that...

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