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GATX LEASING CORP. v. CAPITAL BANK & TRUST CO.

Civ. A. No. 85-69-B.

717 F.Supp. 1160 (1988)

GATX LEASING CORPORATION v. CAPITAL BANK & TRUST COMPANY.

United States District Court, M.D. Louisiana.

September 28, 1988.

Attorney(s) appearing for the Case

Frank M. Adkins, Bronfin, Heller, Steinberg & Berins, New Orleans, La., for GATX Leasing Corp.

David S. Rubin, Kantrow, Spaht, Weaver & Blitzer, Baton Rouge, La., for Capital Bank & Trust Co.

OPINION

POLOZOLA, District Judge.

GATX Leasing Corporation ("GATX") filed this suit against Capital Bank & Trust Company ("Capital Bank")1 to recover $200,000.00 based upon Capital Bank's failure to honor a draft presented for payment under a letter of credit numbered 1434 ("LC # 1434") pursuant to La.R.S. 10:5-114 and 10:5-115. Capital Bank denied any liability on the GATX claim and also filed a counterclaim against GATX...

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