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AHMED v. NAT. BANK OF PAKISTAN

No. 82 Civ. 4950 (DNE).

572 F.Supp. 550 (1983)

Israr AHMED and System Engineering Ltd., Plaintiffs, v. NATIONAL BANK OF PAKISTAN, Wall Street, New York Branch, Syed Mahmood Haider, Manager of National Bank of Pakistan, Wall Street, New York Branch, Terex Export Division, a Unit of Ati, Arif Durrani and Sikander Durrani, Defendants.

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

September 27, 1983.

Attorney(s) appearing for the Case

Paulette M. Owens, New York City, for plaintiffs.

Dunn & Zuckerman, P.C., New York City, Jeffry L. Feldman, New York City, of counsel, for defendants Nat. Bank of Pakistan, N.Y. Branch and Syed Mahmood Haider.

MEMORANDUM OPINION, FINDINGS OF FACT AND CONCLUSIONS OF LAW

EDELSTEIN, District Judge:

INTRODUCTION

In this action plaintiffs Israr Ahmed ("Ahmed") and System Engineering Ltd. ("System") allege that defendant National Bank of Pakistan, Wall Street, New York Branch, (the "Bank") and the Bank's general manager, defendant Syed Mahmood Haider ("Haider") negotiated and wrongfully paid a letter of credit and conspired with the beneficiary of the letter...

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