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PHILIPP BROS., INC. v. OIL COUNTRY SPECIALISTS

No. 01-85-01006-CV.

709 S.W.2d 262 (1986)

PHILIPP BROTHERS, INC., Appellant, v. OIL COUNTRY SPECIALISTS, LTD., Appellee.

Court of Appeals of Texas, Houston (1st Dist.).

Rehearing Denied April 24, 1986.

Attorney(s) appearing for the Case

Carol Vance, Illeana M. Blanco, Bracewell & Patterson, Houston, for appellant.

William E. Junell, Jr., Kay J. Hazelwood, Reynolds, Allen & Cook, Houston, for appellee.

Before DUGGAN, DUNN and LEVY, JJ.

OPINION

LEVY, Justice.

This is an accelerated appeal from the granting of a temporary injunction in which the trial court enjoined Philipp Brothers, Inc. ("Phibro") from presenting, and Texas Commerce Bank ("TCB") from paying, a $1,516,000 letter of credit until disposition of a suit on a contract.

Oil Country Specialists, Ltd. ("OCS"), has sued Phibro claiming breach of contract, fraudulent inducement of a contract, negligent misrepresentation,...

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