Plaintiff has failed to support its allegation of fraud in the transaction underlying issuance of the subject letter of credit. The record does not demonstrate that defendant Equatorial Tonopah fabricated defects in the mine simply to justify the drawing down of the letter of credit. Indeed, plaintiff's own experts had issued reports detailing the mine's defects months before the attempted draw down. Further, inasmuch as it is undisputed that the mine was built and operational...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
