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W.O.A., INC. v. CITY NAT. BANK OF FORT SMITH, ARK.

No. 86-2128.

640 F.Supp. 1157 (1986)

W.O.A., INC., Jewel Morris and Howard Gentry, Plaintiffs, v. CITY NATIONAL BANK OF FORT SMITH, ARKANSAS; the First National Bank of Roland, Oklahoma; Citizens Bank of Lavaca, Arkansas; Citizens Bank of Booneville, Arkansas; Fort Smith Ladies, Rei, Inc.; Fort Smith Peg's Place, Inc.; Retail Real Estate Strategies, Inc.; Maurice L. Rothchild & Company, and M.L. Rothchild Management Corporation, Defendants.

United States District Court, W.D. Arkansas, Fort Smith Division.

August 6, 1986.

Attorney(s) appearing for the Case

Edgar E. Bethell, Bethell, Callaway, Robertson & Beasley, Fort Smith, Ark., for plaintiffs.

Bradley Jesson, Hardin, Jesson & Dawson, Ronald Metcalf, Fort Smith, Ark., for defendants.

OPINION

ARNOLD, District Judge.

Plaintiffs, owners of stores and buyers of merchandise, brought this action in state court against persons selling merchandise to them, asking for the cancellation of letters of credit on which they assert the sellers have made fraudulent demands. Plaintiffs also sought, and obtained, a temporary restraining order against the banks that issued the letters of credit, enjoining...

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