Larsen v. Long Island National Bank

William B. Brennan, Jr., J.

The plaintiff maintains this replevin action to recover 57 shares of stock of American Telephone and Telegraph Company and 72 shares of stock of Sun Oil Company from the defendant bank, or damages for wrongful detention of the certificates for said shares.

A borrower named Pinebird had obtained money from the bank and deposited as security collateral provided by one Ernst. Thereafter, when Pinebird’s obligation to the bank was $4,513.25 and he sought a further loan of $4,000, the bank demanded increased collateral. Pinebird approached the plaintiff with reference…