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INFOCOMP CORPORATION v. SOMERSET TRUST COMPANY

165 N.J. Super. 382 (1979)

398 A.2d 557

INFOCOMP CORPORATION, A CORPORATION, PLAINTIFF-APPELLANT, v. SOMERSET TRUST COMPANY, DEFENDANT-RESPONDENT, AND STC CORP., DEFENDANT.

Superior Court of New Jersey, Appellate Division.

Reargued December 12, 1978.

Decided January 30, 1979.

Attorney(s) appearing for the Case

Mr. Robert B. McFarland argued the cause for appellant (Messrs. Lee and McFarland, attorneys).

Mr. Ralph L. Straw, Jr. argued the cause for respondent (Messrs. Wharton, Stewart & Davis, attorneys).

Mr. Mark S. Rattner, Deputy Attorney General, argued the cause as amicus curiae (Mr. John J. Degnan, Attorney General, attorney; Ms. Erminie L. Conley, Assistant Attorney General, of counsel).

Before Judges LYNCH, CRANE and HORN.

The opinion of the court was delivered by HORN, J.A.D.

This case presents the question of whether a state-chartered bank is authorized under our law to engage in the business of providing data-processing services.

Plaintiff InfoComp Corporation sought a permanent injunction to restrain defendant Somerset Trust Company and its wholly owned affiliate, STC Corp., from providing such services.1

Defendant's motion to dismiss...

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