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  5. 693 F.Supp. 1479 (1988)
 

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

No. 86 Civ. 0590 (RWS).

693 F.Supp. 1479 (1988)

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.

August 5, 1988.

Attorney(s) appearing for the Case

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

Reboul, MacMurray, Hewitt, Maynard & Kristol (Wayne A. Cross, Stephen J. Riegel, Stephen P. Falvey, of counsel), New York City, for defendant.

OPINION

SWEET, District Judge.

Plaintiffs Morgan Guaranty Trust Company of New York ("MGT"), Morgan Grenfell & Co. Limited ("Morgan Grenfell"), Bank of Tokyo, Ltd., The Governor and Company of the Bank of Scotland, and Orion Royal Bank Limited, are banking institutions (collectively the "Guarantors"), that seek to recover from defendant Republic of Palau ("Palau"), a foreign state and from 1981-1983 a Trust Territory of the United States, over $40 million...

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