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GEARHEART v. FEDERAL RESERVE BANK OF CLEVELAND

No. 74-2156.

516 F.2d 353 (1975)

Donald K. GEARHEART and Richard Kurtz, Plaintiffs-Appellants, v. FEDERAL RESERVE BANK OF CLEVELAND et al., Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

May 8, 1975.

Attorney(s) appearing for the Case

Stanley M. Chesley, Waite, Schindel, Bayless & Schneider, Cincinnati, Ohio, for plaintiffs-appellants.

William W. Milligan, U. S. Atty., Robert G. Stachler, Taft, Stettinius & Hollister, Cincinnati, Ohio, for defendants-appellees.

Before CELEBREZZE, MILLER and ENGEL, Circuit Judges.

PER CURIAM.

Appellants bring this appeal from the District Court's dismissal of their class action against the Federal Reserve Board, each director of the Federal Reserve System, and six Cincinnati-area banks. Appellants, Donald K. Gearheart and Richard Kurtz, were purchasers of $10,000 certificates of deposit at the Provident Bank. Appellants, on behalf of all purchasers of certificates of less than $100,000 at Appellee bank, challenged the validity of Regulation...

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