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WEYERHAEUSER CO. v. ISRAEL DISCOUNT BANK OF NEW YORK

No. 92 Civ. 0431 (JFK).

872 F.Supp. 44 (1994)

WEYERHAEUSER COMPANY, Plaintiff, v. ISRAEL DISCOUNT BANK OF NEW YORK and Crestmanor Homes, Inc., Defendants.

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

Opinion Denying Reargument, but Correcting Decision December 7, 1994.

Attorney(s) appearing for the Case

Kronish, Lieb, Weiner & Hellman, New York City (Nicole Nelson Goluboff, of counsel), for plaintiff.

Hahn & Hessen, New York City (John P. McCahey, David M. Posner, of counsel), for defendant Israel Discount Bank of New York.

OPINION AND ORDER

KEENAN, District Judge:

Before the Court is the motion of defendant Israel Discount Bank of New York ("IDB") for summary judgment pursuant to Rule 56(b) of the Federal Rules of Civil Procedure ("FRCP"). In this action, Weyerhaeuser Company alleges that IDB, as advising bank under a letter of credit from nonparty Bank Leumi Le-Israel ("Leumi"), failed to honor a partial assignment of proceeds to Weyerhaeuser made by defendant, Crestmanor...

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