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SOUTHEAST GUAR. TR. CO., LTD. v. RODMAN & RENSHAW, INC.

Nos. 72 C 1078, 72 C 1093.

358 F.Supp. 1001 (1973)

SOUTHEAST GUARANTY TRUST COMPANY, LTD., a corporation, Plaintiff, v. RODMAN & RENSHAW, INC., a Delaware corporation, et al., Defendants. Louis C. MIRIANI and Vera Miriani, Plaintiffs, v. RODMAN AND RENSHAW, INC., a Delaware corporation, et al., Defendants. RODMAN & RENSHAW, INC., Counter-plaintiff, v. Louis C. MIRIANI, Counter-defendant. SOUTHEAST GUARANTY TRUST COMPANY, LTD., a corporation, Counter-plaintiff and Cross-plaintiff, v. Louis C. MIRIANI, Counter-defendant, Rodman & Renshaw, Inc., a Delaware corporation, et al., Cross-defendants. SOUTHEAST GUARANTY TRUST COMPANY, LTD., a corporation, Third-party-plaintiff, v. CHEMICAL BANK et al., Third-party-defendants.

United States District Court, N. D. Illinois, E. D.

January 23, 1973.

Attorney(s) appearing for the Case

Charles A. Brady, Ettelson, O'Hagan, Ehrlich & Frankel, Chicago, Ill., for Southeast Guaranty Trust Co.

Richard A. Makarski and Stephen E. Kitchen, Chapman & Cutler, Chicago, Ill., for Louis and Vera Miriani.

Sheldon Waxman, Asst. U. S. Atty., for the United States.

Narcisse Brown, Schwartz, Cooper, Kolb & Gaynor, Chicago, Ill., for Rodman and Renshaw, Inc.

Holland C. Capper, McBride, Baker, Wienke & Schlosser, Chicago, Ill., for City of New York Bank.

Paul B. Uhlenhop, Lawrence, Lawrence, Kamin & Saunders, Chicago, Ill., for Detroit Bank & Trust Co.

George V. Bobrinskoy, Jr., Mayer, Brown & Platt, Chicago, Ill., for Continental Ill. Nat. Bank & Trust Co., Kentucky Trust Co. and American Nat. Bank & Trust Co. of Chicago.

William B. Davenport, Jenner & Block, Chicago, Ill., for Fidelity Nat. Bank of Baton Rouge.

Leon E. Lindenbaum, Walsh, Case & Coale, Chicago, Ill., for National Bank of Detroit.

Thomas F. Ryan, Sidley & Austin, Chicago, Ill., for Chemical Bank.

Thomas F. Tobin, Baker & McKenzie, Chicago, Ill., for First Nat. Bank of Boston.

OPINION

WILL, District Judge.

These two consolidated cases arise out of the same set of alleged occurrences, which need be briefly summarized prior to a discussion of the motions filed by various defendants. The Mirianis, plaintiffs in 72 C 1093, alleged that certain securities of theirs were stolen from their apartment on January 23, 1972. They claim they immediately notified the police and all paying agents/trustees on the bonds of the theft. In February...

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