Summary
applying Second, Third and Sixth Circuit securities law
Summary of this case from In re Dow Co. Sarabond Products LiabilityOpinion
No. 1026, Docket 75-7006.
Submitted May 29, 1975.
Decided May 30, 1975.
Feldshuh, Weinberger Derfner, New York City (Sidney Feldshuh, Donald A. Derfner, New York City, of counsel), for plaintiffs-appellants.
Cravath, Swaine Moore, New York City (Ralph L. McAfee, Richard S. Simmons, New York City, of counsel), for defendants-appellees Chemical Bank, Frank Beatty, John J. Irish and Paavo Prima.
Milbank, Tweed, Hadley McCloy, New York City, for defendant-appellee The Chase Manhattan Bank, N.A.
Phillips, Lytle, Hitchcock, Blaine Huber, Buffalo, Bleakley, Platt, Schmidt, Hart Fritz, New York City, for defendants-appellees Marine Midland Bank — Western and Marine Midland Bank — Rochester.
Nixon, Hargrave, Devans Doyle, Rochester, N.Y., Townley, Updike, Carter Rodgers, New York City, for defendant-appellee Lincoln First Bank of Rochester.
Debevoise, Plimpton, Lyons Gates, New York City, for defendant-appellee Union Commerce Bank.
Appeal from the United States District Court for the Southern District of New York.
We affirm upon Judge Bonsal's well considered opinion reported at 382 F.Supp. 1146 (S.D.N.Y. 1974).