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CITIBANK, N.A. v. SINGER CO.

No. 88 Civ. 2600 (RWS).

684 F.Supp. 382 (1988)

CITIBANK, N.A., Plaintiff, v. The SINGER COMPANY, Defendant.

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

April 20, 1988.

Attorney(s) appearing for the Case

Shearman & Sterling, New York City, for plaintiff; Mark P. Zimmett, Kenneth A. Freeling, of counsel.

Fried, Frank, Harris, Shriver & Jacobson, New York City, for defendant; Terrence A. Corrigan, Cory Mitchell Gray, Jeanine Jiganti, of counsel.

OPINION

SWEET, District Judge.

Plaintiff Citibank, N.A. ("Citibank") has moved by order to show cause for mandatory preliminary injunctive relief pursuant to Rule 65, Fed.R.Civ.P., against defendant The Singer Company ("Singer"). Citibank seeks to require Singer to deposit additional collateral in the amount of $10 million. Upon the findings and conclusions set forth below, the requested injunction will issue...

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