IN RE FRANKLIN NAT. BANK SECURITIES LITIGATION

No. 75 C 684.

445 F.Supp. 723 (1978)

In re FRANKLIN NATIONAL BANK SECURITIES LITIGATION Robert GOLD, on behalf of himself and on behalf of all others similarly situated, Plaintiff, and Louis Pergament, Intervenor-Plaintiff, v. ERNST & ERNST et al., Defendants.

United States District Court, E. D. New York.

For Supplemental Opinion May 4, 1978.


Attorney(s) appearing for the Case

Milberg, Weiss, Bershad & Specthrie, New York City, Liaison Attys. for class plaintiffs, for plaintiff Gold in No. 75 C 684.

Jessel Rothman, Mineola, N. Y., for intervenor plaintiff Pergament in No. 75 C 684; Melvyn I. Weiss, Jerome M. Congress, New York City, of counsel.

Casey, Lane & Mittendorf, New York City, for plaintiff in Nos. 76 C 2339, 77 C 293.

Davis, Polk & Wardwell, New York City, for defendant in No. 76 C 2339.

Kelley, Drye & Warren, New York City, for defendant in No. 77 C 293.

Casey, Lane & Mittendorf, New York City, for plaintiff in Nos. 76 C 494, 76 C 515; William E. Kelly, Edward C. Cerny, III, New York City, of counsel.

Rivkin, Leff & Sherman, Garden City, N. Y., for National Surety and Firemen's Fund in Nos. 76 C 494, 76 C 515; Leonard L. Rivkin, Garden City, N. Y., Jeffrey Silberfeld, Point Lookout, N. Y., Harry Weinig, Hempstead, N. Y., of counsel.

Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for Aetna Cas. & Sur. Co. in Nos. 76 C 494, 76 C 515; Mark A. Belnick, Richard Wasserman, New York City, of counsel.

Shea, Gould, Climenko, Kramer & Casey, New York City, for Ins. Co. of N. A. in Nos. 76 C 494, 76 C 515; Ronald H. Alenstein, Robert Hawley, New York City, of counsel.

Barrett, Smith, Schapiro & Simon, New York City, for Corbin in Nos. 76 C 494, 76 C 515; Michael O. Finkelstein, New York City, of counsel.

Mordecai Rosenfeld, New York City, for plaintiff in Nos. 74 C 894, 74 C 894A, 74 C 1174.

Casey, Lane & Mittendorf, New York City, for FDIC in Nos. 74 C 894, 74 C 894A, 74 C 1174.

Poletti, Freidin, Prashker, Feldman & Gartner, New York City, for Crosse in Nos. 74 C 894, 74 C 894A, 74 C 1174.

Mudge, Rose, Guthrie & Alexander, New York City, for Sindona in Nos. 74 C 894, 74 C 894A, 74 C 1174.

Chadbourne, Parke, Whiteside & Wolff, New York City, for defendants in Nos. 74 C 894, 74 C 894A, 74 C 1174.

DiFalco, Field & O'Rourke, New York City, for Bardoni in Nos. 74 C 894, 74 C 894A, 74 C 1174.

Townley, Updike, Carter & Rodgers, New York City, for Andersen in Nos. 74 C 894, 74 C 894A, 74 C 1174.

Dewey, Ballantine, Bushby, Palmer & Wood, New York City, for Gleason et al. in Nos. 74 C 894, 74 C 894A, 74 C 1174.

Barrett, Smith, Shapiro & Simon, New York City, for Franklin N. Y. Corp. and Corbin in Nos. 74 C 894, 74 C 894A, 74 C 1174.

Hughes, Hubbard & Reed, New York City, for Franklin Nat. Bank in Nos. 74 C 894, 74 C 894A, 74 C 1174, 75 C 1611, 76 C 539.

Breed, Abbott & Morgan, New York City, for Schreiber in Nos. 74 C 894, 74 C 894A, 74 C 1174.

David G. Trager, U. S. Atty., Brooklyn, N. Y., Henry Brachtl, New York City, for James Smith in Nos. 74 C 894, 74 C 894A, 74 C 1174.

Wachtell, Lipton, Rosen & Katz, New York City, for Tisch in Nos. 74 C 894, 74 C 894A, 74 C 1174.

Battle, Fowler, Lidstone, Jaffin, Pierce & Kheel, New York City, for Luftig in Nos. 74 C 894, 74 C 894A, 74 C 1174.

David G. Trager, U. S. Attorney, Brooklyn, N. Y.; J. Christopher Jensen, Asst. U. S. Atty.; James P. Klapps, Trial Atty., Civil Division, U. S. Depart. of Justice, Washington, D. C., for United States of America in Nos. 76 C 494, 76 C 515; Dorothy S. Kulig and Peter C. Schaumber, Office of the Comptroller of the Currency, Washington, D. C., of counsel.


For Supplemental Opinion May 4, 1978. See 449 F.Supp. 574.

OPINION

PLATT, District Judge.

Statement

The United States of America, a third-party defendant in Federal Deposit Insurance Corporation v. National Surety Corporation, et al., 76 C 494, and Corbin v. National Surety Corporation, et al., 76 C 515, moves pursuant to Rule 12 of the Federal Rules of Civil Procedure (FRCP) to...

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