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FRANKLIN SAV. BANK OF NEW YORK v. LEVY

No. 292, Docket 76-7178.

551 F.2d 521 (1977)

FRANKLIN SAVINGS BANK OF NEW YORK, Plaintiff-Appellee, v. Gustave L. LEVY et al., Defendants-Appellants.

United States Court of Appeals, Second Circuit.

Decided March 9, 1977.

Attorney(s) appearing for the Case

Robert S. Stitt, New York City (Thacher, Proffitt & Wood, New York City, George W. Taliaferro, Jr., Raymond L. Vandenberg, New York City, of counsel), for plaintiff-appellee.

Michael M. Maney, New York City (Sullivan & Cromwell, New York City, William Piel, Jr., Philip L. Graham, Jr., Charles E. Dorkey III, New York City, of counsel), for defendants-appellants.

Before MULLIGAN, VAN GRAAFEILAND and MESKILL, Circuit Judges.

MULLIGAN, Circuit Judge:

This is an appeal from a judgment of the United States District Court for the Southern District of New York entered on January 13, 1976 following a nine-day bench trial before the Hon. Charles M. Metzner, District Judge. Defendants-appellants, Goldman, Sachs & Co. and its general partners (Goldman, Sachs), were found to have violated § 12(2) of the Securities Act of 1933, 15 U.S.C. § 77l(2), and § 10(b) of the Securities...

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