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The document summarizes a court case between Banque Worms and Security Pacific International Bank regarding a mistaken wire transfer of $1,974,267.97. Security Pacific had mistakenly wired the funds to Banque Worms to repay a debt owed by Spedley Securities, when Spedley had instructed Security Pacific to send the funds to a different bank. The district court applied the Discharge for Value Rule and ruled in favor of Banque Worms. However, New York law on this issue was unclear, so the Second Circuit certif
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