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BLUM v. MORGAN GUARANTY TRUST CO. OF NEW YORK

No. 76-2579 Summary Calendar.

539 F.2d 1388 (1976)

Peter E. BLUM, Plaintiff-Appellant, v. MORGAN GUARANTY TRUST COMPANY OF NEW YORK et al., Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

October 12, 1976.

Attorney(s) appearing for the Case

Moreton Rolleston, Jr., Atlanta, Ga., for plaintiff-appellant.

Charles E. Watkins, Jr., Paul Oliver, Atlanta, Ga., John W. Stokes, U. S. Atty., William D. Mallard, Jr., Asst. U. S. Atty., Atlanta, Ga., for A. F. Burns.

Morton J. Hollander, Chief, Appellate Sec., Civil Div., Dept. of Justice, Washington, D. C., for defendants-appellees.

Before WISDOM, GEE and TJOFLAT, Circuit Judges.

GEE, Circuit Judge:

Plaintiff Peter E. Blum filed a shareholder's derivative action on October 3, 1975, seeking a declaratory judgment, a permanent injunction, an accounting for damages, and a judgment for damages on behalf of Morgan Guaranty Trust Company of New York, against each of its officers and directors. Blum also named as a defendant Arthur F. Burns, Chairman of the Board of Governors of the Federal Reserve System. Blum alleged that Morgan Guaranty was violating...

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