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PNC BANK v. LIBERTY MUT. INS. CO.

Civil Action No. 94-1692.

912 F.Supp. 169 (1996)

PNC BANK, NATIONAL ASSOCIATION, formerly Pittsburgh National Bank, Plaintiff, v. LIBERTY MUTUAL INSURANCE COMPANY, Defendant.

United States District Court, W.D. Pennsylvania.

January 10, 1996.

Attorney(s) appearing for the Case

Richard B. Tucker, III, Tucker, Arensberg, Pittsburgh, PA, for Plaintiff.

Brian A. Davis, Lisa Fishbone Wallack, Choate, Hall & Stewart, Boston, MA, Charles C. Casalnova, O'Keefee, Grenen & Birsic, Pittsburgh, PA, for Defendant.

OPINION

CINDRICH, District Judge.

I. Introduction

This is an action for breach of warranty and fraudulent misrepresentation arising out of the bank issuer's payment of $3 million to the beneficiary upon presentment of a sight draft drawn against an irrevocable, standby letter of credit. The issuer, PNC BANK, ("PNC") (formerly Pittsburgh National Bank), has its principal place of business...

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