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MORGAN GUAR. TRUST CO. OF N.Y. v. REPUBLIC OF PALAU

No. 86 Civ. 0590 (RWS).

639 F.Supp. 706 (1986)

MORGAN GUARANTY TRUST COMPANY OF NEW YORK, Morgan Grenfell & Co., Limited, the Bank of Tokyo, Limited, the Governor and Company of the Bank of Scotland and Orion Royal Bank, Limited, Plaintiffs, v. REPUBLIC OF PALAU, Defendant.

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

July 10, 1986.

Attorney(s) appearing for the Case

Jones, Day, Reavis & Pogue (Barry R. Satine, Carl F. Goodman, Robert B. Wallace, of counsel), New York City, for plaintiffs.

Susan L. Arinaga, Reboul, MacMurray, Hewitt, Maynard & Kristol (Wayne A. Cross, of counsel), New York City, for defendant.

OPINION

SWEET, District Judge.

Plaintiffs Morgan Guaranty Trust Company of New York, Morgan Grenfell & Co., Limited, The Bank of Tokyo, Limited, The Governor and Company of the Bank of Scotland and Orion Royal Bank Limited (collectively "Banks") have moved for an order remanding this action to the Supreme Court of the State of New York pursuant to 28 U.S.C. § 1447(c) for lack of diversity jurisdiction as the Republic of Palau ("Palau") is not a...

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