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MID-AMERICA TIRE, INC. v. PTZ TRADING LTD.

No. 2001-0020.

95 Ohio St.3d 367 (2002)

MID-AMERICA TIRE, INC. ET AL., APPELLANTS AND CROSS-APPELLEES, v. PTZ TRADING LTD. ET AL., APPELLEES AND CROSS-APPELLANTS.

Supreme Court of Ohio.

Decided June 5, 2002.

Attorney(s) appearing for the Case

Wood & Lamping, L.L.P., Eric C. Holzapfel, James D. Houston and Catherine S. Neal, for appellants and cross-appellees.

McCullough, Campbell & Lane, Carl D. Liggio, Paul S. Turner and Bart Rinn, for appellees and cross-appellants.

ALICE ROBIE RESNICK, J.

I

FACTS

A

Overview

{¶ 1} These appeals arise out of an action brought in the Clermont County Court of Common Pleas to enjoin payment under a letter of credit ("LC") on the basis of fraud in the underlying transaction. The underlying transaction involved extensive overseas negotiations toward an agreement to import blemished Michelin tires for sale in the United States. A blemished or...

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