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NATIONAL UNION FIRE INS. CO. OF PITTSBURGH, PA v. STANDARD FEDERAL BANK, N.A.

No. CIV. 02-40260.

309 F.Supp.2d 960 (2004)

NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA, and The Insurance Company of the State of Pennsylvania, Plaintiffs, v. STANDARD FEDERAL BANK, N.A., Defendant.

United States District Court, E.D. Michigan, Southern Division.

March 18, 2004.

Attorney(s) appearing for the Case

Amy A. Baranski, Lynch, Prokopp, Southfield, MI, Edward C. Cutlip, Jr., Kerr, Russell, (Detroit), Detroit, MI, for Plaintiffs.

Rasul M. Abdul-Raheem, Standard Federal Bank, Thomas J. Guyer, Standard Federal Bank, Troy, MI, for Defendant.

MEMORANDUM OPINION AND ORDER

GADOLA, District Judge.

This case involves the interpretation of a standby letter of credit. Plaintiffs claim that Defendant wrongfully refused Plaintiffs' request for payment on a standby letter of credit. Defendant claims that payment was properly denied because Plaintiffs' request for payment did not conform with the terms of the letter of credit. Both parties have filed motions for summary judgment. For the reasons...

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