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ITEK CORP. v. FIRST NAT. BANK OF BOSTON

No. 83-1594.

730 F.2d 19 (1984)

ITEK CORPORATION, Plaintiff, Appellee, v. The FIRST NATIONAL BANK OF BOSTON, Defendant, Appellee. Bank Melli Iran, Defendant, Appellant.

United States Court of Appeals, First Circuit.

Decided March 22, 1984.

Attorney(s) appearing for the Case

Greg A. Danilow, with whom Daniel P. Levitt, Alan R. Friedman, Michael B. Reuben, Kramer, Levin, Nessen, Kamin & Frankel, New York City, William A. Zucker, and Gadsby & Hannah, Boston, Mass., were on brief, for Bank Melli Iran.

Thomas D. Edwards, Boston, Mass., with whom Andrew M. Higgins, Stephen M. Perry, and Casner, Edwards & Roseman, Boston, Mass., were on brief, for Itek Corp.

Before CAMPBELL, Chief Judge, BOWNES and BREYER, Circuit Judges.

BREYER, Circuit Judge.

The First National Bank of Boston ("FNBB"), at the request of Itek Corp., issued several letters of credit running in favor of Bank Melli Iran ("Melli"). Melli demanded payment from FNBB of the money that the letters promised. Itek obtained a federal district court injunction (see 12 U.S.C. § 632) prohibiting FNBB from paying Melli, 566 F.Supp. 1210. Melli, the true party in interest, appeals...

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