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DONGBU EXP. CO., LTD. v. NAVIOS CORP.

No. 96 Civ. 4765 (SAS).

944 F.Supp. 235 (1996)

DONGBU EXPRESS CO., LTD., Plaintiff, v. NAVIOS CORPORATION, Defendant.

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

September 24, 1996.

Attorney(s) appearing for the Case

Michael O. Hardison, Snow Becker Krauss P.C., New York City, for Plaintiff.

John W. Wall, Matthew A. Marion, Healy & Baillie, New York City, for Defendant.

MEMORANDUM OPINION

SCHEINDLIN, District Judge.

Defendant Navios Corporation ("Navios") moves, pursuant to Rule E(4)(f) of the Supplemental Rules for Certain Admiralty and Maritime Claims, for partial release of the maritime attachment and garnishment of its bank account issued against it by this Court on June 24, 1996 and, pursuant to Rule E(7), for countersecurity.

BACKGROUND

Plaintiff Dongbu Express Co. ("Dongbu") is a Korean shipping...

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