Legal Opinion
Public Serv. Co. of Colo. v. Chase Manhattan Bank
District Court, S.D. New York
Decided December 8, 1983No. 78 Civ. 4697 (JEL)PublishedCited by 11 opinions
1Opinion of the Court
OPINION
LUMBARD, Circuit Judge: *
Plaintiff, the Public Service Company of Colorado (PSCC), brought this diversity action against The Chase Manhattan Bank in 1978. PSCC charges that Chase breached its fiduciary obligations as trustee for PSCC’s pension fund — that Chase negligently monitored a mortgage investment it had made on behalf of PSCC’ and sixteen other pension funds. Consequently, Chase was unable to bring an overall and know ledgeable judgment to the decision whether and how to sell the loan at a time when Chase knew or should have known the loan had become an imprudent trust…
2Cases cited35 opinions
- In re the Estate of RothkoNew York Court of Appeals · 1977
- Adair v. . BrimmerNew York Court of Appeals · 1878
- Costello v. . CostelloNew York Court of Appeals · 1913
- In Re the Accounting of the Empire Trust Co.New York Court of Appeals · 1931
- In re the Estate of RothkoAppellate Division of the Supreme Court of the State of New York · 1977
30 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Zola v. GordonDistrict Court, S.D. New York · 1988
- Smith v. Commonwealth National BankSupreme Court of Pennsylvania · 1989
- Pereira v. Centel Corp. (In Re Argo Communications Corp.)United States Bankruptcy Court, S.D. New York · 1991
- Whitfield v. CohenDistrict Court, S.D. New York · 1988
- Dymm v. CahillDistrict Court, S.D. New York · 1990
6 more not listed; retrieve them via the Exa API.