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TRANSAMERICA DELAVAL INC. v. CITIBANK, N. A.

No. 81 Civ. 6459 (HFW).

545 F.Supp. 200 (1982)

TRANSAMERICA DELAVAL INC., Plaintiff, v. CITIBANK, N. A., Defendant.

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

July 23, 1982.

Attorney(s) appearing for the Case

Guggenheimer & Untermyer, by Robert E. Smith, Norman L. Greene, New York City, for plaintiff Transamerica Delaval Inc.

Shearman & Sterling, by Henry Harfield, New York City, for defendant Citibank, N. A.

MEMORANDUM DECISION

WERKER, District Judge.

Plaintiff, Transamerica Delaval Inc. ("Delaval"), commenced this action to recover from defendant, Citibank, N. A. ("Citibank"), $2,809,333.00 deducted from its account to cover a payment by Citibank pursuant to the letter of credit1 agreement between the parties entitled Clean Sight Credit Application and Agreement (the "Credit Agreement"). The parties have cross-moved for summary...

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