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IRVING BANK CORP. v. BANK OF NEW YORK CO., INC.

No. 88 Civ. 3542 (CSH).

692 F.Supp. 163 (1988)

IRVING BANK CORPORATION, Plaintiff, v. The BANK OF NEW YORK COMPANY, INC., Defendant.

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

June 2, 1988.

Attorney(s) appearing for the Case

Wachtell, Lipton, Rosen & Katz, New York City (Herbert M. Wachtell, William C. Sterling, Jr., of counsel), for Irving Bank Corp.

Sullivan & Cromwell, New York City (John L. Warden, Richard J. Urowsky, Hyman L. Schaffer, Norman Feit, Daryl A. Libow, of counsel), for The Bank of New York Co., Inc.

MEMORANDUM OPINION AND ORDER

HAIGHT, District Judge:

Plaintiff Irving Bank Corporation ("Irving") is presently involved in a prolonged, much-publicized, adverse relationship with Defendant The Bank of New York Company, Inc. ("BNY"). That relationship arises out of BNY's effort, resisted by Irving's board to take Irving over. Irving commenced this action under the federal securities laws to compel BNY to make additional disclosures to Irving shareholders...

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