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REPUBLIC NAT. BANK OF NEW YORK v. SABET

79 Civ. 4290 (WCC).

512 F.Supp. 416 (1981)

REPUBLIC NATIONAL BANK OF NEW YORK, Plaintiff, v. Habib SABET, Hormoz Sabet and Firooz Corporation, Defendants.

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

As Amended April 6, 1981.

Attorney(s) appearing for the Case

Kronish, Lieb, Shainswit, Weiner & Hellman, New York City, for plaintiff; Adam Walinsky, Thomas J. Lennon, New York City, of counsel.

Coudert Brothers, New York City, for Hormoz Sabet; Mark D. LeBow, J. L. Siegel, J. D. Pope, New York City, of counsel.

OPINION AND ORDER

CONNER, District Judge:

This removed action is presently before the Court on plaintiff's motion for summary judgment in lieu of a complaint.

Background

This is an action on a promissory note (the "note") in the principal amount of $1,500,000 executed by defendant Hormoz Sabet in his capacity as president of defendant Firooz Corporation ("Firooz"), at that time an Iranian private joint stock company; and on an unconditional...

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