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LADENBURG v. SIGNATURE BANK

651982/13, 13635

128 A.D.3d 36 (2015)

6 N.Y.S.3d 33

LADENBURG THALMANN & CO. INC., Respondent, v. SIGNATURE BANK, Appellant.

Appellate Division of the Supreme Court of New York, First Department.

Decided March 19, 2015.

Attorney(s) appearing for the Case

Robert M. Rosenblith , Tarrytown, for appellant.

Philip S. Ross P.C., New York City ( Philip S. Ross of counsel), for respondent.

MAZZARELLI, J.P., ACOSTA, CLARK and KAPNICK, JJ., concur.

OPINION OF THE COURT

This case presents the issue of whether a letter of credit that requires the originals of all documents to trigger payment can be satisfied by a true copy of one of the original amendments to the letter of credit.

Background

Defendant, Signature Bank, issued an irrevocable transferable...

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