WURTTEMBERGISCHE FIRE INS. CO. v. PAN ATL. UNDERWRITERS, LTD.


133 A.D.2d 268 (1987)

Wurttembergische Fire Insurance Company, Appellant, v. Pan Atlantic Underwriters, Ltd., et al., Respondents

Appellate Division of the Supreme Court of the State of New York, Second Department.

August 31, 1987


Ordered that the order is affirmed, with costs.

In August 1985 the plaintiff caused Bankers Trust Company to establish an irrevocable letter of credit in favor of the "Republic Insurance Company c/o Pan Atlantic Group Inc." in the amount of $356,381.

On March 20, 1986 the plaintiff established another irrevocable letter of credit with the defendant Bank of America in favor of "Republic Insurance Company c/o Pan Atlantic Group Inc." also in the amount of $356...

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