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WYLE v. BANK MELLI OF TEHRAN, IRAN

No. C-80-1131 RFP.

577 F.Supp. 1148 (1983)

Frederick S. WYLE, Trustee in Bankruptcy of Pacific Far East Line, Inc. and Atlantic Bear Steamship Co., Plaintiff, v. BANK MELLI OF TEHRAN, IRAN; Ports & Shipping Organization of Bushire, Iran; Islamic Republic of Iran; and Bank of California, Defendants.

United States District Court, N.D. California.

September 15, 1983.

Attorney(s) appearing for the Case

Cynthia M. Cohen, Stutman, Triester & Glatt, P.C., Los Angeles, Cal., for plaintiff.

Michael Connell, San Francisco, Cal., John E. Carne, Crosby, Heafey, Roach & May, Oakland, Cal., Daniel P. Levitt, Greg A. Danilow, Arthur H. Aufses, Kramer, Levin, Nessen, Kamin & Soll, New York City, for defendants.

Memorandum Opinion

PECKHAM, Chief Judge.

The above-entitled action was tried to the court. Having considered the evidence and the authorities provided by the parties, the court now enters its findings of fact and conclusions of law in the form of this memorandum opinion.

I. FACTS

During and after 1976, continuing until the second quarter of 1978, Pacific Far East Line, Inc. ("PFEL") and its subsidiary, Atlantic Bear Steamship Co...

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