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SEIDEN v. BUTCHER

No. 76 Civ. 666.

443 F.Supp. 384 (1978)

Murray SEIDEN, Plaintiff, v. Willard C. BUTCHER, David Rockefeller, J. Richardson Dilworth, Charles F. Barber, James H. Binger, John T. Connor, Patricia Roberts Harris, Theodore M. Hesburgh, William R. Hewlett, J. K. Jamieson, Ralph Lazarus, Robert D. Lilley, Leonor F. Loree, II, Charles F. Myers, Jr., John E. Swearingen, George A. Roeder, Jr., Coy G. Ekland, James L. Ferguson, Richard M. Furland, John Macomber, Edmund T. Pratt, Jr., J. Stanford Smith, Michael E. Carleson, Richard R. Shinn and the Chase Manhattan Corporation, and the Chase Manhattan Bank, N.A., as derivative defendants, Defendants.

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

January 13, 1978.

Attorney(s) appearing for the Case

Ira Jay Sands, New York City, for plaintiff; Lawrence Singer, New York City, of counsel.

Milbank, Tweed, Hadley & McCloy, New York City, for individual defendants; William E. Jackson, Briscoe R. Smith, Kenneth A. Perko, Jr., Peter A. Copeland, Michael L. Michael, New York City, of counsel.

LASKER, District Judge.

Murray Seiden sues derivatively on behalf of the Chase Manhattan Corporation and the Chase Manhattan Bank against present and former directors of the Corporation and the Bank for allegedly violating the 1934 Securities Exchange Act, the National Bank Act, and various New York state and common law obligations. The defendants move to dismiss the amended and supplemental complaint for failure to state a claim upon which relief can be granted....

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