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SOUND OF MARKET STREET v. CONTINENTAL BANK INTERN.

Civ. A. No. 84-3922.

623 F.Supp. 93 (1985)

SOUND OF MARKET STREET, INC. v. CONTINENTAL BANK INTERNATIONAL.

United States District Court, E.D. Pennsylvania.

December 11, 1985.

Attorney(s) appearing for the Case

Richard M. Meltzer, Philadelphia, Pa., for plaintiff.

Peter F. Marvin, Philadelphia, Pa., for defendant.

MEMORANDUM and ORDER

JOSEPH S. LORD, III, Senior District Judge.

Plaintiff alleges that the defendant negligently failed to advise it in a timely manner that a letter of credit had been issued in its behalf, thereby causing plaintiff to lose the benefit of the bargain the letter of credit was meant to facilitate. Defendant has filed a motion for summary judgment claiming that it did not have a legal obligation to advise plaintiff of the letter of credit...

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