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SALINGER v. LING-TEMCO-VOUGHT, INC.

Civ. No. 68-1093.

324 F.Supp. 1006 (1971)

Harriet SALINGER, Trustee under the Will of Molly Steuer Shield, Deceased, on behalf of herself and on behalf of all other shareholders of Jones & Laughlin Steel Corporation similarly situated, Plaintiff, v. LING-TEMCO-VOUGHT, INC., and Mellon National Bank and Trust Company, Defendants.

United States District Court, W. D. Pennsylvania.

March 18, 1971.

Attorney(s) appearing for the Case

Dickie, McCamey & Chilcote, Pittsburgh, Pa., for plaintiff.

Thorp, Reed & Armstrong, Pittsburgh, Pa., for Ling-Temco-Vought, Inc.

Reed, Smith, Shaw & McClay, Pittsburgh, Pa., for Mellon National Bank and Trust Co.

MEMORANDUM

SORG, District Judge.

Plaintiff's complaint in the above styled action asserts a claim for damages allegedly occasioned by delays in making payment for 357 shares of Jones & Laughlin Steel Corporation (J&L) common stock purchased from her by Ling-Temco-Vought, Inc. (LTV) and in furnishing a certificate for 143, the remainder of 500 J&L shares transmitted by her for sale to LTV. In support of her claim she invokes the following provisions...

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