CONTINENTAL GRAIN CO. v. MERIDIEN INTERN. BANK LTD.

No. 93 Civ. 1068 (CSH).

894 F.Supp. 654 (1995)

CONTINENTAL GRAIN COMPANY, Plaintiff, v. MERIDIEN INTERNATIONAL BANK, LIMITED, Defendant.

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

August 1, 1995.


Attorney(s) appearing for the Case

Paul, Weiss, Rifkind, Wharton & Harrison, New York City (Richard A. Rosen, Paul Indig, of counsel), for plaintiff.

Townley & Updike, New York City (Philip D. Pakula, Mark S. Sullivan, Mario Diaz-Cruz, III, of counsel), for defendant.


MEMORANDUM OPINION AND ORDER

HAIGHT, District Judge:

In this diversity action brought to obtain payment under a commercial standby letter of credit, the beneficiary moves for summary judgment pursuant to Rule 56, Fed.R.Civ.P.

Background

Plaintiff Continental Grain Company ("CGC"), a Delaware corporation with its principal place of business in New York City, is a merchandiser of grains, rice, and other agricultural products...

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