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ROSS BICYCLES v. CITIBANK

161 Misc.2d 351 (1994)

613 N.Y.S.2d 538

Ross Bicycles, Inc., Plaintiff, v. Citibank, N. A., Defendant.

Supreme Court, New York County.

May 25, 1994

Attorney(s) appearing for the Case

Arthur Gerwin, New York City (Frederick Sohn of counsel), for plaintiff. Varet & Fink, New York City (James Carroll and William Coons of counsel), for defendant.

BEVERLY S. COHEN, J.

This action to recover under an unsecured irrevocable letter of credit issued by defendant for its customer, the infamous Wedtech Corporation, has had a long and tortured history through the courts. The trial held before me on April 19, 1994 brings it close to conclusion.

PRIOR PROCEEDINGS

Plaintiff, the beneficiary under an irrevocable letter of credit issued by defendant...

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