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CONTINENTAL ILL. NAT. BANK v. STERLING NAT. BANK

No. 81 Civ. 3855 (MEL).

565 F.Supp. 101 (1983)

CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, Plaintiff, v. STERLING NATIONAL BANK & TRUST COMPANY, Defendant. STERLING NATIONAL BANK & TRUST COMPANY, Third-Party Plaintiff, v. Jules J. HESSEN, as Trustee of Teltronics Services Inc. and L.M. Ericsson Telecommunications Inc., Third-Party Defendant.

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

June 15, 1983.

Attorney(s) appearing for the Case

Kelley, Drye & Warren, New York City, for plaintiff.

Winick & Rich, P.C., New York City, for defendant; Susan G. Rosenthal, Jeffrey N. Rich, Fredric B. Katz, New York City, of counsel.

LASKER, District Judge.

This action arises from a stop payment order on three checks, which, apparently as a result of clerical error, did not get "stopped." The payee, Teltronics Services, Inc. ("Teltronics") is now in bankruptcy, and the payor's bank, Continental Illinois National Bank and Trust Company of Chicago ("Continental") brings this action against Teltronics' bank, Sterling National Bank & Trust Company ("Sterling") to recover the funds in question...

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