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OCEAN RIG ASA v. SAFRA NAT. BANK OF NEW YORK

No. 99 Civ. 1434(SAS).

72 F.Supp.2d 193 (1999)

OCEAN RIG ASA, Plaintiff, v. SAFRA NATIONAL BANK OF NEW YORK, Defendant.

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

July 14, 1999.

Attorney(s) appearing for the Case

Jack A. Greenbaum, Healy & Baillie, LLP, New York City, for plaintiff.

Danforth Newcomb, Daniel D. Edelman, Laurie R. Blank, Shearman & Sterling, New York City, for defendant.

AMENDED OPINION AND ORDER

SCHEINDLIN, District Judge.

I. Introduction

Plaintiff Ocean Rig ASA ("Ocean Rig") seeks redress for the allegedly wrongful dishonor by Defendant Safra National Bank of New York ("Safra") of a standby letter of credit in the amount of $15,000,000. Defendant moves to dismiss all of Plaintiff's claims under Fed.R.Civ.P. 12(b)(6) or, in the alternative, moves for summary judgment pursuant to Rule 56.

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