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NATKIN v. EXCHANGE NATIONAL BANK OF CHICAGO

No. 14801.

342 F.2d 675 (1965)

George NATKIN and Tillie Natkin, Plaintiffs-Appellants. v. The EXCHANGE NATIONAL BANK OF CHICAGO, Defendant-Appellee.

United States Court of Appeals Seventh Circuit.

March 2, 1965.

Attorney(s) appearing for the Case

Nathan T. Notkin, Chicago, Ill., for appellants.

Jack Joseph, Chicago, Ill., for appellee.

Before CASTLE, Acting Chief Judge, and KILEY and SWYGERT, Circuit Judges.

CASTLE, Acting Chief Judge.

Ben Notkin, George Natkin and Tillie Natkin1 commenced this action in the District Court against the defendant-appellee, the Exchange National Bank of Chicago. Jurisdiction is predicated on Section 27 of the Securities Exchange Act of 1934 (15 U.S.C.A. § 78aa) and 28 U.S.C.A. § 1331.

The complaint alleges the bank made loans to Ben Notkin in violation of Regulation U2

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