First Trust & Sav. Bank v. Fidelity-Philadelphia Trust Co.

(serving by special assignment).

In each of the eleven identified actions a bank, as plaintiff, proceeding solely in its own behalf, sues the common defendant, demanding judgment for a relatively large sum of money. Jurisdiction is premised in all of the cases on the contention that the right to be vindicated, arose under the Securities Act of 1933, Title 15 U.S.C.A. § 77a et seq.; in some of them also upon the assertion that the claims therein arose under the Securities Exchange Act of 1934, Title 15 U.'S.C.A. § 78a et seq.; and in some four of the cases on the ground of diversity, of…