City National Bank v. Chase Manhattan Bank

MEMORANDUM OPINION AND ORDER

ROSZKOWSKI, District Judge.

This action comes before the Court on plaintiff and counter-defendants’ motion to dismiss defendant and counter-plaintiff’s amendment to the amended counterclaim. For the reasons set forth in the opinion below, the Court grants plaintiff and counter-defendants’ motion to dismiss.

BACKGROUND

Travelers Insurance Company entered into a group annuity contract (No. GR-11051) with the trustees of the Barber-Col-man Company Profit Sharing Trust, which contract was effective June 26, 1980. Pursuant to the group annuity contract, the trustees…