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GENERAL ELECTRIC CREDIT CORP. v. JAMES TALCOTT, INC.

No. 64 Civ. 3680.

271 F.Supp. 699 (1966)

GENERAL ELECTRIC CREDIT CORPORATION, Plaintiff, v. JAMES TALCOTT, INC., and Franklin National Bank, Defendants.

United States District Court S. D. New York.

February 23, 1966.

Attorney(s) appearing for the Case

Bernstein, Seawell & Kaplan, New York City, for plaintiff.

Hahan, Hessen, Margolis & Ryan, New York City, for defendant James Talcott, Inc.

Kaye, Scholer, Fierman, Hays & Handler, New York City, for defendant Franklin Nat. Bank.

OPINION

TENNEY, District Judge.

Plaintiff General Electric Credit Corporation (hereinafter sometimes referred to as "Credit") has filed a complaint against defendants James Talcott, Inc. (hereinafter sometimes referred to as "Talcott") and the Franklin National Bank (hereinafter sometimes referred to as the "Bank") for alleged violations of Section 12(2) of the Securities Act, 15 U.S.C. § 77l(2) and Section 18(a) of the Exchange Act, 15 U.S.C...

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