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INVESTITIONS- UND HANDELS-BANK A. G. v. UNITED CAL. BANK INT.

No. 67 Civ. 1969.

277 F.Supp. 1005 (1968)

INVESTITIONS- UND HANDELS-BANK A. G., Plaintiff, v. UNITED CALIFORNIA BANK INTERNATIONAL, Defendant.

United States District Court S. D. New York.

January 5, 1968.

Attorney(s) appearing for the Case

Herzfeld & Rubin, New York City, for plaintiff. Herbert Rubin, Walter Herzfeld, Michael Hoenig, New York City, of counsel.

Shearman & Sterling, New York City, for defendant. Henry Harfield, Jon J. Masters, New York City, of counsel.

MEMORANDUM

BONSAL, District Judge.

Plaintiff instituted this action seeking to recover a loss of $274,000 which it alleges it sustained by reason of defendant's negligence, breach of contract and breach of fiduciary duty. Defendant is a corporation organized under the Edge Act (12 U.S.C. §§ 611-631) and jurisdiction is founded on 12 U.S.C. § 632. With its answer, defendant moved for summary judgment dismissing the complaint on the ground that...

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