Legal Opinion
Freer v. Mayer
District Court, S.D. New York
Decided June 10, 1992No. 91 Civ. 2519 (GLG)PublishedCited by 7 opinions
1Opinion of the Court
OPINION
GOETTEL, District Judge.
Although we have set out the facts of this case in two previous decisions, Freer v. Mayer, No. 91 Civ. 2519, 1991 WL 355062 (S.D.N.Y. April 26, 1991), Freer v. Mayer, No. 91 Civ. 2519 (S.D.N.Y. May 8, 1992), we will recite them here in detail.
Progressive Bank, Inc. is a New York holding company whose only subsidiary is the Pawling Savings Bank, with its headquarters in Dutchess County, New York and 16 branch locations in surrounding counties. Progressive’s shares trade over the counter on the NASDAQ system. Until 1988, Progressive experienced consistent growth…
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