BANK BRUSSELS LAMBERT, S.A. v. INTERMETALS CORP.

No. 90 Civ. 4855(PNL).

779 F.Supp. 741 (1991)

BANK BRUSSELS LAMBERT, S.A., Plaintiff, v. INTERMETALS CORPORATION, Defendant, v. BANK BRUSSELS LAMBERT, S.A., Joseph Botkier, Viraf Reporter, and Robert Lostal, Counterclaim Defendants.

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

December 18, 1991.


Attorney(s) appearing for the Case

Marks Murase & White, New York City (P.J. Wilker and Andrew D. Rackear, of counsel), for plaintiff Bank Brussells and counterclaim defendants Joseph Botkier and Robert Lostal.

J. Owen Zurhellen, III, New York City, for defendant Intermetals Corp.

Feinberg, Felzen & Nigro, New York City (Scott Nigro, of counsel), for third-party defendant Viraf Reporter.


OPINION AND ORDER

LEVAL, District Judge.

Findings of Fact and Conclusions of Law

This is a dispute between a bank and its customer over credit extended to cover losses arising from an unsuccessful attempt to speculate in foreign currencies. The plaintiff is Bank Brussels Lambert, S.A. ("BBL"), a Belgian bank with a branch office at 630 Fifth Avenue, New York, New York. The defendant, Intermetals Corporation ("IM") is a New Jersey corporation...

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