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DIAKAN LOVE, S.A. v. AL-HADDAD BROS. ENTERPRISES

No. 84 Civ. 1088 (PNL).

584 F.Supp. 782 (1984)

In the Matter of the Petition of DIAKAN LOVE, S.A., Petitioner, v. AL-HADDAD BROS. ENTERPRISES, INC., Respondent, and Morgan Guaranty Trust Company of New York, Garnishee.

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

April 16, 1984.

Attorney(s) appearing for the Case

Olwine, Connelly, Chase, O'Donnell & Weyher, Renato C. Giallorenzi and Robert J. Kochenthal, Jr., New York City, for petitioner.

Hill, Betts & Nash, John C. Mamoulakis, New York City, for respondent.

Davis, Polk & Wardwell, Philip C. Potter, Jr., and James L. Kerr, New York City, for garnishee.

OPINION AND ORDER

LEVAL, District Judge.

Al-Haddad Bros. Enterprises, Inc., a Tennessee Corporation, moves to vacate the attachment of its interest as beneficiary of an irrevocable letter of credit served on the confirming bank. Morgan Guaranty Trust Company of New York, the garnishee, joins in the motion.

I.

On February 15, 1984, Diakan Love, S.A. filed a verified petition in this court naming Al-Haddad as respondent seeking confirmation...

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