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FRANKLIN SAV. BANK IN CITY OF NEW YORK v. LEVY

No. 71 Civ. 882 (CMM).

406 F.Supp. 40 (1975)

The FRANKLIN SAVINGS BANK IN the CITY OF NEW YORK, Plaintiff, v. Gustave L. LEVY et al., Defendants.

United States District Court, S. D. New York.

December 24, 1975.

Attorney(s) appearing for the Case

Thacher, Proffitt & Wood, New York City, for plaintiff; Robert S. Stitt, George W. Taliaferro, Jr., New York City, of counsel.

Sullivan & Cromwell, New York City, for defendants; William Piel, Jr., Michael M. Maney, Philip L. Graham, Jr., Charles E. Dorkey III, New York City, of counsel.

METZNER, District Judge:

Franklin Savings Bank (Franklin) filed this action against the general partners of Goldman, Sachs & Company (Goldman, Sachs), alleging violations of Sections 12(2) and 17(a) of the Securities Act of 1933, 15 U.S.C. §§ 77l(2), 77q(a), Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), the New York Martin Act, N.Y. General Business Law § 352-c, and the common law.

Goldman, Sachs is...

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