Driscoll v. Fitch

BRIGHT, District Judge.

The defendant, The Public National Bank & Trust Company of the City of New York, moves for summary judgment. The action is brought for and on behalf, and for the benefit, of plaintiffs and all the holders of certain unsecured indentures issued by Associated Gas & Electric Company (called Ageco), the parent corporation, and Associated Gas & Electric Corporation (called Agecorp), one of its subsidiaries, to recover from all of the defendants $10,579,-700, with interest. Plaintiffs also seek a further recovery from the bank alone of $302,043.38, claimed to have been paid…