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CYPRUS COPPER MARKETING CORP. v. SWISS BANK CORP.

No. 98 Civ. 3042(BDP).

222 B.R. 213 (1998)

CYPRUS COPPER MARKETING CORPORATION; Industria Venezolana de Cables Electricos, C.A.; and Electrofinance Ltd., Appellants, v. SWISS BANK CORPORATION, Appellee.

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

July 6, 1998.

Attorney(s) appearing for the Case

Bruce C. Fuchs, Kurt F. Gwynne, Klett Lieber Rooney & Schorling, Pittsburgh, PA, for Appellants.

Philip H. Schaeffer, White & Case, New York City, for Appellee.

MEMORANDUM DECISION

PARKER, District Judge.

INTRODUCTION

Appellants, who are creditors of a metal trading concern known as Minpeco USA, and who filed a lender liability action against Swiss Bank arising out of the events preceding Minpeco's bankruptcy, appeal an Order of the Bankruptcy Court (Hardin, BJ), dated January 26, 1998, granting Swiss Bank's motion for summary judgment. For the reasons stated below, the January 26 Order of the Bankruptcy...

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