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SCALLOP PETROLEUM COMPANY v. BANQUE TRAD-CREDIT LYONNAIS

No. 86 Civ. 1967 (LLS).

690 F.Supp. 184 (1988)

SCALLOP PETROLEUM COMPANY, A DIVISION OF SCALLOP CORPORATION, Plaintiff, v. BANQUE TRAD-CREDIT LYONNAIS [FRANCE] S.A., BAII Banking Corporation, Banque Arabe Et International d'Investissement, Belcher Company of New York, Inc., Defendants.

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

May 2, 1988.

Attorney(s) appearing for the Case

Rogers & Wells, New York City (Joseph Spain, of counsel), Rogers & Wells, Los Angeles, Cal. (Marcia B. Pine, of counsel), for defendants BAII Banking Corp., and Banque Arabe Et Intern. d'Investissement.

Belcher Oil Co., Hasbrouck Heights, N.J. (Frank Leavitt, of counsel), Haight, Gardner, Poor & Havens, New York City (Richard Ashworth, of counsel), for plaintiff.

Latham & Watkins, New York City (Job Taylor, III, of counsel), for defendant Banque Trad-Credit Lyonnais [France] S.A.

OPINION AND ORDER

STANTON, District Judge.

In this interpleader action, contesting creditors claim priority in the same collateral. Two of them whose interests substantially coincide, defendants BAII Banking Corporation ("BAII New York") and Banque Arabe et Internationale d'Investissement ("BAII Paris") (collectively "BAII"), move for and are granted summary judgment pursuant to Fed.R.Civ.P. 56 dismissing the claim of their competing defendant Banque Trad...

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