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REDDY v. BARCLAYS BANK OF NEW YORK, N.A.

No. 90 Civ. 8058 (JES).

773 F.Supp. 655 (1991)

Dr. Gaddam V. REDDY and Gaddam-USHA Reddy, Plaintiffs, v. BARCLAYS BANK OF NEW YORK, N.A., Defendant.

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

October 3, 1991.

Attorney(s) appearing for the Case

Miriam M. Breier, New York City (Jason S. Deutschmeister, of counsel), for plaintiffs.

Rick Steiner Rubin & Sternklar, New York City (Jack Segal, of counsel), for defendant.

MEMORANDUM OPINION AND ORDER

SPRIZZO, District Judge.

Plaintiffs, Dr. Gaddam V. Reddy and Gaddam Usha Reddy (the "Reddys") bring this action seeking damages arising out of an alleged unauthorized transfer of funds from plaintiffs' money market fund account, by defendant, Barclays Bank of New York, N.A. ("Barclays"). The defendant, pursuant to Fed.R.Civ.P. 12(b)(1), moves to dismiss the complaint for lack of federal subject matter jurisdiction on the ground...

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