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LIBRA BANK LTD. v. BANCO NACIONAL DE COSTA RICA

No. 81 Civ. 7624 (CBM).

570 F.Supp. 870 (1983)

LIBRA BANK LIMITED, Libra International Bank, S.A., Banco De La Provincia De Buenos Aires, Banco Espirito Santo E Comercial De Lisboa, Banco De Vizcaya, S.A., Banque Internationale A Luxembourg, S.A., Banque Rothschild, and the National Bank of Washington, Plaintiffs, v. BANCO NACIONAL DE COSTA RICA, S.A., Defendant.

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

Memorandum Opinion and Order August 12, 1983.

Attorney(s) appearing for the Case

Sage, Gray, Todd & Sims by Jerry J. Strochlic, Stuart A. Krause, New York City, for plaintiffs.

White & Case by Jeffrey A. Barist, Diane Dimond, New York City, for defendant.

AMENDED AND SUPPLEMENTAL OPINION

MOTLEY, Chief Judge.

Plaintiffs bring this action to recover their share of principal amounts, plus interest, of a $40 million loan made by sixteen banks, including seven of the plaintiffs herein, to defendant Banco Nacional de Costa Rica (Banco Nacional). Plaintiffs have moved for summary judgment pursuant to Rule 56 of the Federal Rules of Civil Procedure, seeking an order requiring Banco Nacional to repay the principal...

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