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COOPER v. UNION BANK

Civ. No. 71-343-F.

354 F.Supp. 669 (1973)

Gary COOPER et al., Plaintiffs, v. UNION BANK, a banking corporation, Defendant.

United States District Court, C. D. California.

February 12, 1973.

Attorney(s) appearing for the Case

Howard P. Miller, of Buchalter, Nemer, Fields & Savitch, Los Angeles, Cal., for plaintiffs.

Lee J. Cohen, of Cohen, Freeman & Feldman, Los Angeles, Cal., for defendant.

MEMORANDUM OPINION

FERGUSON, District Judge.

This is an action alleging a violation by the defendant Union Bank (hereinafter "Bank") of Regulation U, 12 C.F.R. § 221, promulgated by the Board of Governors of the Federal Reserve System pursuant to section 7 of the Securities Exchange Act of 1934, 15 U.S.C. § 78g.

Plaintiffs seek to void and cancel a promissory note dated July 16, 1969, executed in favor of defendant Bank, and two deeds of...

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