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NORTH BEACH LEATHER INTERN. v. MORGAN GUAR. TRUST

No. 88 Civ. 0445 (MBM).

687 F.Supp. 127 (1988)

NORTH BEACH LEATHER INTERNATIONAL, INC., Plaintiff, v. MORGAN GUARANTY TRUST COMPANY OF NEW YORK, Defendant.

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

July 5, 1988.

Attorney(s) appearing for the Case

Paul Robbins, Nitkin, Alkalay, Handler & Robbins, New York City, for plaintiff.

Ogden Lewis, and Nancy Snow Bockelle, Davis Polk & Wardwell, New York City, for defendant.

OPINION AND ORDER

MUKASEY, District Judge.

Plaintiff North Beach Leather International, Inc. moves for summary judgment pursuant to Rule 56, Fed.R.Civ.P., seeking payment on two letters of credit issued for its account by defendant Morgan Guaranty Trust Company of New York. Morgan cross-moves for summary judgment dismissing the complaint. For the reasons set forth below, both motions are denied.

I.

North Beach sells leather goods. In October...

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