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TREND EXPORT FUNDING CORP. v. FOREIGN CREDIT INS.

No. 84 Civ. 4839 (LBS).

670 F.Supp. 480 (1987)

TREND EXPORT FUNDING CORPORATION, Plaintiffs, v. FOREIGN CREDIT INSURANCE ASSOCIATION, Defendant, Continental Bank International and Banco Totta & Acores, Involuntary Plaintiffs.

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

January 2, 1987.

Attorney(s) appearing for the Case

Kraver & Parker, New York City, for plaintiffs; Richard M. Kraver, Lewis S. Fischbein, of counsel.

Fried, Frank, Harris, Shriver & Jacobson, New York City, for defendant; Henry A. Hubschman, Matthew Gluck, of counsel.

Finley, Kumble, Wagner, Heine, Underberg, Manley & Casey, New York City, for involuntary plaintiffs, Banco Totta & Acores; Gregor F. Gregorich, of counsel.

SAND, District Judge.

Plaintiff, Trend Export Funding Corporation ("TEFCO"), an international business broker, alleges that defendant, Foreign Credit Insurance Association ("FCIA"), an insurer of such transactions, wrongfully failed to pay on two claims properly submitted by plaintiff totalling $7,060,597.61 plus interest. Defendant has moved pursuant to Rule 56, F.R.Civ.P., for summary judgment and for an order staying discovery. Defendant has also moved for leave...

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