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FOREIGN CREDIT CORP. v. AETNA CASUALTY AND SURETY CO.

No. 64 Civ. 3681.

276 F.Supp. 791 (1967)

FOREIGN CREDIT CORPORATION, Plaintiff, v. The AETNA CASUALTY AND SURETY COMPANY et al. and Export-Import Bank of Washington, Defendants.

United States District Court S. D. New York.

June 6, 1967.

Attorney(s) appearing for the Case

Coudert Brothers, New York City, for plaintiff; William Rand, New York City, of counsel.

Norman Rosen, Brooklyn, N. Y., for Sandor Goldstein.

Gottesman, Wolgel & Smith, New York City, for all defendants other than Export-Import Bank of Washington; Samuel Gottesman, New York City, of counsel.

Robert M. Morgenthau, U. S. Atty. for Southern Dist. of New York, New York City, for defendant Export-Import Bank of Washington; Alan G. Blumberg, Asst. U. S. Atty., of counsel.

OPINION

McLEAN, District Judge.

Briefly summarized, the complaint in this action alleges that defendants issued an "Export Credit Insurance Agreement" to Goldgoods International Corporation under which defendants, in substance, insured Goldgoods against loss resulting from any failure of a buyer to pay for merchandise sold to him by Goldgoods. Goldgoods shipped various products to five different buyers in Argentina...

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