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BANQUE WORMS v. BANK AMERICA INTERN.

No. 89 Civ. 3067 (RPP).

726 F.Supp. 940 (1989)

BANQUE WORMS, Plaintiff, v. BANK AMERICA INTERNATIONAL, Defendant and Third-Party Plaintiff, v. SECURITY PACIFIC INTERNATIONAL BANK, Third-Party Defendant.

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

December 11, 1989.

Attorney(s) appearing for the Case

J. Portis Hicks and Gregg J. Borri, Boulanger Finley & Hicks, New York City, for plaintiff Banque Worms.

Sarah L. Reid, Kelley Drye & Warren, New York City, for third-party defendant Sec. Pacific Intern. Bank.

Steven T. Atkins, Kramer Levin Nessen Kamin & Frankel, New York City, for defendant and third-party plaintiff Bank America Intern.

OPINION AND ORDER

ROBERT P. PATTERSON, Jr., District Judge.

This is a motion and a cross-motion for summary judgment pursuant to Federal Rule of Civil Procedure 56. At stake is $1,974,267.97, currently in the possession of plaintiff Banque Worms (BW), a bank organized and existing under the laws of the Republic of France.

Background

In the early morning hours of April 10, 1989, third party defendant Security Pacific International Bank ...

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