FINKIELSTAIN v. SEIDEL

No. 86 Civ. 8406 (PNL).

692 F.Supp. 1497 (1988)

Jacobo FINKIELSTAIN, Plaintiff, v. Julian M. SEIDEL, First Maryland Savings & Loan, Inc. and Maryland Deposit Insurance Fund Corp., as Receiver for First Maryland Savings & Loan, Inc., Defendants.

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

January 22, 1988.


Attorney(s) appearing for the Case

Martha Solinger, Kronish, Lieb, Weiner & Hellman, New York City, John S. Mc Daniel, Cable, McDaniel, Bowie & Bond, Baltimore, Md., for plaintiff.

Joseph F. Donley, Adam B. Rowland, Shereff, Friedman, Hoffman & Goodman, New York City, Francis B. Burch, Sheila Mosmiller Vidmar, Piper & Marbury, Baltimore, Md., for defendants First Maryland Sav. & Loan and Maryland Deposit Ins. Fund.


MEMORANDUM AND ORDER

LEVAL, District Judge.

This action is for rescission of the sale of a security under the federal securities laws and common law fraud. Defendants First Maryland Savings & Loan, Inc. ("First Maryland") and Maryland Deposit Insurance Fund Corporation ("MDIF") (collectively "defendants")1 move to dismiss this action pursuant to Fed.R.Civ.P. 12(b)(1) contending that as an "arm" of the State of Maryland, MDIF...

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