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BARCLAYS DISCOUNT BANK LTD. v. BOGHARIAN BROS.

Nos. 81-1747, 81-2263, 81-2264, 81-2599 and 81-3848AWT.

568 F.Supp. 1116 (1983)

BARCLAYS DISCOUNT BANK LTD., Plaintiff, v. BOGHARIAN BROS., INC., Defendant. BARCLAYS DISCOUNT BANK LTD., Plaintiff, v. ORYOUN JEWELRY IMPORTS, Defendant. BARCLAYS DISCOUNT BANK LTD., Plaintiff, v. Sam LEVY, individually and doing business as Sam's Gem Trading, Defendant. ISRAEL DISCOUNT BANK LTD., Plaintiff, v. Sam LEVY, individually and doing business as Sam's Gem Trading, Defendant. ISRAEL DISCOUNT BANK LTD., Plaintiff, v. Sam LEVY, individually and doing business as Sam's Gem Trading, Defendant.

United States District Court, C.D. California.

August 8, 1983.

Attorney(s) appearing for the Case

Frederick L. McKnight, James H. Berry, Jr., William T. Drescher, Jones, Day, Reavis & Pogue, Los Angeles, Cal., for plaintiffs Barclays Discount Bank Ltd. and Israel Discount Bank Ltd.

Thomas J. Weiss, Pacht, Ross, Warne, Bernhard & Sears, Inc., Los Angeles, Cal., for defendants Bogharian Bros., Inc. and Oryoun Jewelry Imports.

Philip R. Homsey II, Los Angeles, Cal., for defendant Sam Levy.

MEMORANDUM OPINION AND ORDER

TASHIMA, District Judge.

Plaintiffs seek summary judgment in these five actions for collection of promissory notes.1 Plaintiffs are banks operating out of the Diamond Exchange in Ramat Gan, Israel. Defendants, three American diamond merchants, issued a total of seven notes2 to Leo Siegman, a leading Israeli diamond dealer, as security for diamonds purchased by the defendants...

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