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PUBALI BANK v. CITY NAT. BANK

No. 80-5263.

676 F.2d 1326 (1982)

PUBALI BANK, Appellant, v. CITY NATIONAL BANK, the Aristos Group, Jack A. Willis, Robert McGuire, Margo Svikhart, Appellees.

United States Court of Appeals, Ninth Circuit.

Decided May 13, 1982.

As Amended on Denial of Rehearings September 10, 1982.

Attorney(s) appearing for the Case

Don A. Proudfoot, Jr., Los Angeles, Cal. (argued), for appellant; J. Eric Isken, Henry S. David, Graham & James, Los Angeles, Cal., on brief.

Arthur G. Spence, Beverly Hills, Cal., Maichal W. Conlon, Los Angeles, Cal. (argued), for appellees; James P. Tierney, Law Offices of James P. Tierney, Bruce E. Clark, Los Angeles, Cal., on brief.

Before GOODWIN, NELSON and BOOCHEVER, Circuit Judges.

GOODWIN, Circuit Judge.

Pubali Bank (Pubali) appeals from the dismissal of its action for damages for breach of contract, fraud and negligent misrepresentations. We reverse and remand.

The events leading to this action began when Emerald, a Bangladesh corporation, contracted to sell and deliver in Syria a quantity of jute produced in Bangladesh. Having arranged for the jute, Emerald negotiated with Aristos, a California corporation, to charter ships to transport...

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