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BRENNTAG INTERN. CHEMICALS v. NORDDEUTSCHE LANDESBANK GZ

No. 97 Civ. 2688(RWS).

9 F.Supp.2d 331 (1998)

BRENNTAG INTERNATIONAL CHEMICALS, INC., Plaintiff, v. NORDDEUTSCHE LANDESBANK GZ and Bank of India, Defendants.

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

June 18, 1998.

Attorney(s) appearing for the Case

Katten, Muchin & Zavis, Chicago, IL (James C. Murray, Jr., Deane B. Brown, of counsel), Howard, Darby & Levin, New York City (Linda C. Goldstein, of counsel), for Plaintiff.

McDermott, Will & Emery, New York City (Julie Y. Chen, Michael C. Nissim, of counsel), for Defendant Norddeutsche Landesbank GZ.

Sidley & Austin, New York City (James D. Arden, Rajiv Khanna, John J. Lavelle, of counsel), for Defendant Bank of India.

OPINION

SWEET, District Judge.

Plaintiff Brenntag International Chemicals, Inc. ("Brenntag") has moved for a preliminary injunction, pursuant to Rule 65 of the Federal Rules of Civil Procedure, to enjoin payment under Irrevocable Stand-By Letter of Credit No. 190397 in the amount of $2,452,167.43 (the "LOC"). The LOC, which was issued by Norddeutsche Landesbank, GZ ("Nord/LB") at Brenntag's request, was used to secure payment for a shipment of naphtha...

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