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

No. 88 Civ. 0590 (RWS).

657 F.Supp. 1475 (1987)

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.

As Amended April 8, 1987.


Attorney(s) appearing for the Case

Jones, Day, Reavis & Pogue (Barry R. Satine, of counsel), Wilson, Elser, Moskowitz, Edelman & Dicker, New York City (Robert B. Wallace, of counsel), for plaintiffs.

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


SWEET, District Judge.

Plaintiffs Morgan Guaranty Trust, Morgan Grenfell, The Bank of Tokyo, the Bank of Scotland, and Orion Royal Bank (collectively "the Guarantors") have moved this court pursuant to Fed.R.Civ.P. 56 for an order striking the affirmative defenses of the defendant the Republic of Palau ("Palau"), dismissing its counterclaims, and granting judgment in its favor for $36,129,003. Palau has opposed the Guarantors' application, but has not cross-moved...

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