Go to Case 52.3, Khulumani v. Barclay National Bank, Ltd., 504 F.3d 254 (2d Cir. 2007), on pages 1078–1079. Read the excerpt and answer the following questions.
(a) Issue: What was the plaintiffs’ claim in this case?
(b) Rule of Law: On what U.S. law did the plaintiffs base this claim, and what was the defendants’ response?
(c) Applying the Rule of Law: How did the trial court respond to the parties’ contentions, what was the appellate court’s position, and why?
(d) Conclusion: Did the court issue an ultimate ruling with respect to the plaintiffs’ claim in this case? Explain.