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DELBRUECK & CO. v. MFRS. HANOVER TRUST CO.

No. 76 Civ. 2273 (VLB).

464 F.Supp. 989 (1979)

DELBRUECK & CO., Plaintiff, v. MANUFACTURERS HANOVER TRUST COMPANY, Defendant.

United States District Court, S. D. New York.

January 11, 1979.

Attorney(s) appearing for the Case

Fox, Glynn & Melamed, New York City, for plaintiff.

Simpson, Thacher & Bartlett, New York City, for defendant.

OPINION

VINCENT L. BRODERICK, District Judge.

I

Introduction

This action arises out of the transfer of funds of plaintiff Delbrueck & Co. ("Delbrueck") by defendant Manufacturers Hanover Trust Company ("Manufacturers") to The Chase Manhattan Bank, N.A. ("Chase") for the account of Bankhaus I.D. Herstatt, K.G.a.A. ("Herstatt") on June 26, 1974.

Shortly before the funds left Manufacturers, Herstatt was formally ordered...

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