CHEMICAL BANK, European American Bank, Banque Paribas, American Express Bank Ltd., NatWest Bank National Association and Rabobank Nederland, Plaintiffs-Appellees,
v.
AFFILIATED FM INSURANCE CO., Defendant-Appellant,
Andina Coffee, Inc. and Andina Trading Corp., Consolidated Plaintiffs-Appellees,
Lloyd's Syndicate No. 446, Lloyd's Syndicate No. 418, Lloyd's Syndicate No. 406, Lloyd's Syndicate No. 40, Lloyd's Syndicate No. 367, Lloyd's Syndicate No. 34, Lloyd's Syndicate No. 334, Lloyd's Syndicate No. 321, Lloyd's Syndicate No. 309, Lloyd's Syndicate No. 304, Lloyd's Syndicate No. 162, Lloyd's Syndicate No. 123, Lloyd's Syndicate No. 108, Lloyd's Syndicate No. 1014, Lloyd's Syndicate No. 52, Insurance Company of North America, Home Insurance Company, Phoenix Assurances Public Limited Company, Cornhill Insurance PLC., Commercial Assurance Co. PLC, River Thames Insurance Co. Ltd., Sovereign Marine & Gen. Ins. Co., Assicurazioni Generali S.P.A., Lloyd's Syndicate No. 447, Phoenix "L" Account, Norwich Union Fire Insurance Society Ltd., Northern Assurance Company Limited, Lloyd's Syndicate No. 202, Lloyd's Syndicate No. 745, Lloyd's Syndicate No. 735, Lloyd's Syndicate No. 725, Lloyd's Syndicate No. 697, London & Hull Maritime Insurance Company Limited, Lloyd's Syndicate No. 843, Lloyd's Syndicate No. 65, Lloyd's Syndicate No. 831, Lloyd's Syndicate No. 803, Lloyd's Syndicate No. 80, Lloyd's Syndicate No. 633, Lloyd's Syndicate No. 483, Lloyd's Syndicate No. 455, Lloyd's Syndicate No. 625, Lloyd's Syndicate No. 62, Lloyd's Syndicate No. 575, Lloyd's Syndicate No. 535 and Lloyd's Syndicate No. 448, Defendants.
United States Court of Appeals, Second Circuit.https://leagle.com/images/logo.png
Petition for Rehearing Filed: March 26, 1999.
Decided: November 8, 1999.
Attorney(s) appearing for the Case
Henry L. Goodman, Morgan Lewis & Bockius LLP, New York, New York; David G. Keyko, Winthrop, Stimson, Putnam & Roberts, New York, New York; Robert S. Fischler, Winston & Strawn, New York, New York, for Plaintiffs-Appellees Chemical Bank, American Express Bank Ltd., and NatWest Bank National Association.
John M. Toriello (Glenn J. Winuk, Joshua J. Albert, Haight, Gardner, Holland & Knight, Henry P. Monaghan, of counsel), New York, New York, for Plaintiffs-Appellees Banque Paribas, Radobank Nederland, and European American Bank.
Lloyd D. Feld, Armonk, New York, for Consolidated Plaintiffs-Appellees.
Daniel P. Levitt, New York, New York (Franklin M. Sachs, H. Richard Chattman, Podvey, Sachs, Meanor, Catenacci, Hildner & Cocoziello, Newark, New Jersey, of counsel), for Defendant-Appellant.
Stanley N. Futterman, New York, New York; Craig A. Berrington, Phillip L. Schwartz, Washington, D.C., for Amicus Curiae American Insurance Association.
Bruce E. Clark, Sullivan & Cromwell, New York, New York (H. Rodgin Cohen, Jay L. Pomerantz, of counsel), for Amici Curiae New York Clearing House Association L.L.C., Bankers Roundtable, Commercial Finance Association, and Institute of International Bankers.
Appellees have petitioned this panel for rehearing to reconsider its decision in Chemical Bank v. Affiliated FM Ins. Co.,169 F.3d 121 (2d Cir.1999). Pursuant to our request, appellant submitted a response. See Fed. R.App. P. 40(a)(3).
We assume familiarity with, and adopt the defined terms from, our earlier decision. Appellees seek reconsideration of (i) whether the Banks ratified T &...
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