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NUSSBACHER v. CHASE MANHATTAN BANK (N.A.)

No. 71 Civ. 1153.

444 F.Supp. 973 (1977)

Mollie NUSSBACHER, Plaintiff, v. The CHASE MANHATTAN BANK (N.A.), Trustee, et al., Defendants.

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

On Motion to Reargue February 3, 1978.

Attorney(s) appearing for the Case

Silverman & Harnes, New York City, for plaintiff; Sidney B. Silverman, Joan T. Harnes, Martin H. Olesh, New York City, of counsel.

Milbank, Tweed, Hadley & McCloy, New York City, for defendants; Edward J. Reilly, New York City, of counsel.

OPINION

KEVIN THOMAS DUFFY, District Judge.

On March 12, 1971, plaintiff Mollie Nussbacher, a stockholder of the Leasco Data Processing Equipment Corporation ("Leasco") commenced this action against Chase Manhattan Bank and other institutional defendants, as well as the directors of Leasco, seeking damages for alleged violations of Regulations G, T and U, 12 C.F.R. §§ 207, 220, 221, promulgated by the Board of Governors of the Federal Reserve System...

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