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CHASE MANHATTAN BANK v. UNITED CHINA SYNDICATE, LTD.

180 F.Supp. 848 (1960)

CHASE MANHATTAN BANK, Plaintiff, v. UNITED CHINA SYNDICATE, LTD. and United China Syndicate (Hong Kong) Ltd., Defendants.

United States District Court S. D. New York.

January 27, 1960.

Attorney(s) appearing for the Case

Milbank, Tweed, Hope & Hadley, New York City, for plaintiff, Andrew J. Connick, New York City, of counsel.

Smith & Reiher, Brooklyn, N. Y., for defendant, United China Syndicate (Hong Kong) Ltd., Robert L. Callahan, Brooklyn, N. Y., of counsel.

DAWSON, District Judge.

This is a motion pursuant to Rule 55 (b) (2) of the Federal Rules of Civil Procedure, 28 U.S.C.A., for an order granting judgment by default in favor of defendant United China Syndicate (Hong Kong) Ltd., adjudging said defendant to be the owner of the securities and cash which are the subject of this action and which are held in custody by the plaintiff. The action involves adverse claims to the ownership of two custody accounts held by the...

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