ITEK CORP. v. FIRST NAT. BANK OF BOSTON

Civ. A. No. 80-58-MA.

511 F.Supp. 1341 (1981)

ITEK CORPORATION, Plaintiff, v. The FIRST NATIONAL BANK OF BOSTON and Bank Melli Iran, Defendants.

United States District Court, D. Massachusetts.

April 10, 1981.


Attorney(s) appearing for the Case

Thomas D. Edwards, Richard L. Dahlen, Chaplin, Casner & Edwards, Boston, Mass., for plaintiff.

Rory Fitzpatrick, Thomas H. Walsh, Jr., E. Susan Garsh, Bingham, Dana & Gould, Boston, Mass., Harold Foster, Halligan & Foster, New York City, William Zucker, Gadsby & Hannah, Boston, Mass., for defendants.


OPINION

MAZZONE, District Judge.

In this action, plaintiff Itek Corporation (Itek) seeks an order terminating its liability on certain letters of credit. Jurisdiction is invoked under 12 U.S.C. § 632.

The plaintiff is a corporation duly organized under the laws of the State of Delaware with its principal place of business in Lexington, Massachusetts. Defendant The First National Bank of Boston (FNB), is a national banking association duly organized...

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