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BRADFORD TRUST v. MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.

No. 81 Civ. 3409 (JES).

622 F.Supp. 208 (1985)

BRADFORD TRUST COMPANY OF BOSTON, Plaintiff, v. MERRILL LYNCH, PIERCE, FENNER & SMITH, INC., Defendant.

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

As Amended December 9, 1985.

Attorney(s) appearing for the Case

Louis J. Maione, New York City, Christopher J. Collins, of counsel.

William T. Marshall, Jr., Jeffrey T. Letzler, New York City, for defendant.

OPINION AND ORDER

SPRIZZO, District Judge:

The following Opinion constitutes the Court's findings of fact and conclusions of law pursuant to Fed.R.Civ.P. 52.

BACKGROUND

Plaintiff, Bradford Trust Company of Boston ("Bradford"), is a corporation organized and existing pursuant to the banking laws of Massachusetts, with its principal place of business in Boston. In its regular course of business, Bradford acts as a trust company, custodian...

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