Legal Opinion

First Federal Savings & Loan Ass'n v. Oppenheim, Appel, Dixon & Co.

District Court, S.D. New York

Decided March 19, 1986No. 85 Civ. 4163 (MEL)PublishedCited by 25 opinions

1Opinion of the Court

LASKER, District Judge.

Marine Midland Bank, N.A. (“Marine”) moves pursuant to Rules 12(b)(6) and 56(b) of the Federal Rules of Civil Procedure to dismiss the third-party complaint filed by Oppenheim, Appel, Dixon & Co. (“OAD”) against Marine. The motion is granted.

In an earlier, related litigation, Wichita Federal Savings and Loan Association v. Comark, No. 82 Civ. 4703(MEL) (S.D.N.Y.), five savings and loan associations and a municipality sued Comark, a dealer in government securities, and Marine, Co-mark’s clearing bank, for losses of $17 million in government securities. The Wichita action…

2Cases cited18 opinions

  1. Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
  2. United States v. Kimbell Foods, Inc.Supreme Court of the United States · 1979
  3. Babcock v. JacksonNew York Court of Appeals · 1963
  4. Dole v. Dow Chemical Co.New York Court of Appeals · 1972
  5. James Burrough Limited and Kobrand Corporation v. Sign of the Beefeater, Inc., and Montgomery Ward & Co., IncorporatedCourt of Appeals for the Seventh Circuit · 1976

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3Cited by25 opinions

  1. In Re Jiffy Lube Securities LitigationCourt of Appeals for the Fourth Circuit · 1991
  2. Franklin v. Kaypro Corp.Court of Appeals for the Ninth Circuit · 1989
  3. Fed. Sec. L. Rep. P 98,658 Paulette Eichenholtz, Individually and on Behalf of All Others Similarly Situated and Derivatively on Behalf of International Breeders, Inc., and David W. Craig, (Intervenor in d.c.) v. Robert E. Brennan First Jersey Securities, Inc. International Thoroughbred Breeders, Inc. Garden State Racetrack, Inc. Rooney Pace, Inc. First Philadelphia Corporation Kerry B. Fitzpatrick John W. Allen Joseph C. Daniel, Jr. Jack Price Robert J. Quigley Norman Rothstein John J. Degnan Richard J. Hughes Ronald J. Riccio Joseph K. Fisher and Herbert Barness. Larry Salberg, Individually and on Behalf of All Others Similarly Situated and David W. Craig, (Intervenor in d.c.) v. Robert E. Brennan First Jersey Securities, Inc. International Thoroughbred Breeders, Inc. Rooney Pace, Inc. Kerry B. Fitzpatrick Robert J. Quigley John J. Degnan Richard J. Hughes Ronald J. Riccio and Joseph K. Fisher First Jersey Securities, Inc. Rooney Pace, Inc. And First Philadelphia Corporation, No. 94-5253, D.C. Civ. A. Nos. 88-Cv-00515, 88-Cv-00773Court of Appeals for the First Circuit · 1995
  4. Alvarado Partners, L.P. v. MehtaDistrict Court, D. Colorado · 1989
  5. In Re Olympia Brewing Co. Securities LitigationDistrict Court, N.D. Illinois · 1987

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