Favorable Trial Court Judgment and Ruling on Appeal Relating to Letter of Credit Collateral

Represented national bank as trustee in Texas bankruptcy proceeding and subsequent litigation involving enforcement of $45 million of letters of credit, which had served as collateral on bond debt, brought in the Supreme Court of New York. Obtained trial court judgment in favor of trustee and debt holders, and affirmation on appeal following briefing and oral argument at New York State Appellate Division of the Supreme Court, First Judicial Department.