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HALCYON SECURITIES, INC. v. CHASE MANHATTAN BANK, N. A.

No. 77 Civ. 1144.

439 F.Supp. 650 (1977)

HALCYON SECURITIES, INC., Plaintiff, v. CHASE MANHATTAN BANK, N. A., Edgar W. Heisler and Stein Associates, Defendants.

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

October 28, 1977.

Attorney(s) appearing for the Case

Brecher, Moskowitz & Altman, New York City, for plaintiff.

Milbank, Tweed, Hadley & McCloy, New York City, for defendants The Chase Manhattan Bank, N. A. and Edgar W. Heisler.

LASKER, District Judge.

Halcyon Securities, Inc., claims that Chase Manhattan Bank and Edgar W. Heisler have committed various violations of the 1934 Securities Exchange Act. Chase moves to dismiss the complaint under Rule 12(b)(6) of the F.R.Civ.P. for failure to state a claim upon which relief can be granted. The motion is granted.

In August of 1975, Stein Associates ("Associates") opened a brokerage account with Halcyon Securities, a registered broker dealer...

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