Legal Opinion
Morgan Guaranty Trust Co. v. New England Merchants National Bank
District Court, D. Massachusetts
Decided August 26, 1977No. Civ. A. 71-1658-TPublishedCited by 3 opinions
1Opinion of the Court
OPINION
TAURO, District Judge.
This is a third party action brought by the New England Merchants National Bank (New England) against the Town Bank and Trust Company (Town). The court had diversity jurisdiction over the first party action and now exercises jurisdiction over this third party action pursuant to the doctrine of ancillary jurisdiction. 1 New England seeks indemnity from Town for a $56,750 settlement that it made with the Marine Midland Bank (Marine) and the Morgan Guaranty Trust Company (Morgan). That settlement was based upon the alleged conversion of 16 United States Treasury…
2Cases cited8 opinions
- Swinton v. Whitinsville Savings BankMassachusetts Supreme Judicial Court · 1942
- Craig v. Everett M. Brooks Co.Massachusetts Supreme Judicial Court · 1967
- Snyder v. Sperry & Hutchinson Co.Massachusetts Supreme Judicial Court · 1975
- Industrial National Bank v. Leo's Used Car Exchange, Inc.Massachusetts Supreme Judicial Court · 1973
- Morgan Guaranty Trust Company of New York v. Third National Bank of Hampden CountyCourt of Appeals for the First Circuit · 1976
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3Cited by3 opinions
- Rosenberg v. Pillsbury Co.District Court, S.D. New York · 1989
- Spencer Companies v. Chase Manhattan Bank, N.A.District Court, D. Massachusetts · 1987
- Butcher & Singer, Inc. v. KellamDistrict Court, D. Delaware · 1985