BANK OF NEW YORK v. BANK OF AMERICA

No. 94 Civ. 3057 (LAP).

853 F.Supp. 736 (1994)

The BANK OF NEW YORK and BNY Australia Limited, Plaintiffs, v. BANK OF AMERICA and Bank of America Australia Limited, Defendants.

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

May 27, 1994.


Attorney(s) appearing for the Case

Jed S. Rakoff, John Sullivan, Fried, Frank, Harris, Shriver & Jacobson, A Partnership Including Professional Corporations, New York City, for plaintiffs.

Daniel Wallen, Otterbourg, Steindler, Houston & Rosen, P.C., New York City, for defendants.


PRESKA, District Judge:

This case is a contract dispute between two Australian banks and their American parent companies. Plaintiffs originally filed the action in the Supreme Court of the State of New York, and defendants removed it here, alleging 28 U.S.C. § 1332 (diversity) and 12 U.S.C. § 632 (international banking) as bases for jurisdiction. Presently before the Court are a motion by plaintiffs to remand the case back to State court and motions by the...

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