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TRIFINERY v. BANQUE PARIBAS

No. 90 Civ. 0673 (JES).

762 F.Supp. 1119 (1991)

TRIFINERY, A Texas Co-Partnership, Petcor Services, Inc. and Petroserve, Ltd., as co-partners, Plaintiffs, v. BANQUE PARIBAS, Defendant and Third-Party Plaintiff, v. VITOL, S.A., INC., Third-Party Defendant.

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

May 2, 1991.

Attorney(s) appearing for the Case

Walker, Walker & Kapiloff, P.C. (Arnold Y. Kapiloff, Daniel S. Wohlfarth, of counsel), New York City, for plaintiffs.

Boulanger, Finley & Hicks (J. Portis Hicks, of counsel), New York City, for defendant and third-party plaintiff.

Coudert Brothers (Darrell Prescott, of counsel), New York City, for third-party defendant.

MEMORANDUM OPINION AND ORDER

SPRIZZO, District Judge.

Plaintiffs Trifinery, Petcor Services, Inc., and Petroserve Ltd. (collectively "Trifinery") bring this action against Banque Paribas ("Paribas" or "the Bank") alleging that Paribas wrongfully refused payment on a letter of credit opened by Vitol, S.A., Inc. ("Vitol") in favor of Trifinery. Presently pending before the Court is Paribas' motion for summary judgment.1 For the...

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