UNITED STATES v. CHELSEA SAVINGS BANK

Civ. No. 12733.

300 F.Supp. 721 (1969)

UNITED STATES of America, Plaintiff, v. The CHELSEA SAVINGS BANK and the Dime Savings Bank of Norwich, Defendants.

United States District Court D. Connecticut.

June 12, 1969.


Attorney(s) appearing for the Case

Jon O. Newman, U. S. Atty., John Cassidento, Asst. U. S. Atty., New Haven, Conn., James L. Minicus, Leslie M. Jeffress, Attys., Dept. of Justice, Washington, D. C., for plaintiff.

Allyn L. Brown, Jr., Milton L. Jacobson, Gary I. Cohen, Brown, Jacobson, Jewett & Laudone, Norwich, Conn., for defendants.


RULING ON DEFENDANTS' MOTION TO DISMISS

ZAMPANO, District Judge.

The issue presented by the defendants' motion to dismiss is whether § 7 of the Clayton Act, 15 U.S.C. § 18, is applicable to non-stock mutual savings banks.

On December 18, 1967, the Chelsea Savings Bank and the Dime Savings Bank of Norwich, both mutual savings banks chartered under the laws of Connecticut, entered into an agreement of consolidation. Conn.Gen.Stats. §...

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