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RECON/OPTICAL, INC. v. GOVERNMENT OF ISRAEL

No. 438, Docket 86-7745.

816 F.2d 854 (1987)

RECON/OPTICAL, INC., Plaintiff-Appellant, v. GOVERNMENT OF ISRAEL, Defendant-Appellee.

United States Court of Appeals, Second Circuit.

Decided April 17, 1987.

Attorney(s) appearing for the Case

Frank J. Costello, Washington, D.C. (Ralph L. Kissick, Charles J. Simpson, Jr., Zuckert, Scoutt, Rasenberger & Johnson, Washington, D.C., Nathan J. Bayer, Freehill, Hogan & Mahar, New York City, of counsel), for plaintiff-appellant.

Jeffrey A. Fillman, New York City (Morris A. Wirth, Roland L. Trope, Finley, Kumble, Wagner, Heine, Underberg, Manley, Myerson & Casey, New York City, of counsel), for defendant-appellee.

Before FEINBERG, Chief Judge, MANSFIELD, and WINTER, Circuit Judges.

WINTER, Circuit Judge:

Recon/Optical, Inc. ("Recon") appeals from Judge Griesa's denial of its application for a preliminary injunction. Recon sought to prevent the Government of Israel ("Israel") from drawing $21.5 million against a letter of credit pending arbitration of the parties' contractual disputes. Because we conclude that Recon has no chance of success on the merits, we affirm.

BACKGROUND

The dispute concerns a contract entered into by...

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