UNITED STATES of America, Plaintiff,
v.
CROCKER NATIONAL CORP., et al., Defendants.
UNITED STATES of America, Plaintiff,
v.
BANKAMERICA CORPORATION, et al., Defendants.
United States District Court, N. D. California.https://leagle.com/images/logo.png
August 27, 1976.
August 27, 1976.
Attorney(s) appearing for the Case
Anthony E. Desmond, San Francisco, Cal., Crossan R. Andersen and Polly L. Frenkel, Dept. of Justice, Antitrust Div., Los Angeles, Cal., for plaintiff United States in Nos. C-75-2108 RFP and C-75-2109 RFP.
Robert D. Raven, Melvin R. Goldman and William Alsup, Morrison & Forester, San Francisco, Cal., for Crocker Nat. Bank and Thomas R. Wilcox.
Ira M. Millstein, Irving Scher and Salem M. Katsh, Weil, Gotshal & Manges, New York City, for Metropolitan Life Ins. Co.
J. Randolph Wilson, Virginia G. Watkin, Covington & Burling, Washington, D. C., for The Equitable Life Assur. Soc. of the United States and The Mut. Life Assur. Co. of New York.
Richard E. Guggenhime, Sr., Heller, Ehrman, White & McAuliffe, San Francisco, Cal., for Emmett G. Soloman.
H. Helmut Loring, Theodore Sachsman and William S. MacKay, San Francisco, Cal., for Bank of America Nat. Trust and Sav. Ass'n and BankAmerica Corp.
Edward Wolfe, White & Case, New York City, for Bankers Trust New York Corp. and Bankers Trust Co.
William Simon, John S. Kingdon and Robert J. Brookhiser, Jr., Howrey & Simon, Washington, D. C., for The Prudential Ins. Co. of America and Paul A. Gorman.
Robert D. Raven, Morrison & Foerster, San Francisco, Cal., for E. Hornsby Wasson.
United States District Court, N. D. California.
GENERAL BACKGROUND
PECKHAM, District Judge.
These cases concern the legality of certain interlocking directorates under section 8 of the Clayton Act, 15 U.S.C. § 19. The government's attack is aimed at two particular types of director interlocks which may be identified as follows: (1) the bank interlocks, occurring whenever an individual serves simultaneously as the director of a bank and an insurance company; and (2) the bank holding interlocks...
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