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COMPAGNIE FINANCIERE DE CIC ET DE L'UNION v. MERRILL LYNCH, PIERCE, FENNER & SMITH INC.

Docket No. 98-9331.

188 F.3d 31 (1999)

COMPAGNIE FINANCIERE DE CIC ET DE L'UNION EUROPEENNE; Management Investment Funding Limited, Plaintiffs-Appellants, v. MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, Interpleader-Plaintiff, Calex Ltd., Interpleader-Defendant-Appellee.

United States Court of Appeals, Second Circuit.

Decided: August 9, 1999.

Attorney(s) appearing for the Case

Stephen G. Rinehart, Parker Chapin Flattau & Klimpl, LLP, New York, New York, for Plaintiffs-Appellants.

Daniel J. Kornstein, Kornstein Veisz & Wexler, LLP, New York, New York, for Interpleader-Defendant-Appellee.

Before: LEVAL and SOTOMAYOR, Circuit Judges, and POLLACK, Senior District Judge.

SOTOMAYOR, Circuit Judge:

Plaintiffs-appellants Compagnie Financiere de CIC et de L'Union Europeenne ("CFC") and Management Investment Funding Limited ("MIF") appeal from a judgment of the United States District Court of the Southern District of New York (Sand, J.) declaring that a letter agreement (the "Letter Agreement") did not bind interpleader-plaintiff Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch"). The letter—which was written...

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