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APPLICATION OF AMARNICK

No. 1383, Docket 77-3030.

558 F.2d 110 (1977)

Application of Morris AMARNICK and Irving Amarnick, on behalf of themselves and all other purchasers of Securities of Tidal Marine International Corporation similarly situated, Petitioners.

United States Court of Appeals, Second Circuit.

Decided June 27, 1977.

Attorney(s) appearing for the Case

Norris D. Wolff and Fredric A. Kleinberg, New York City (Kleinberg, Kaplan, Wolff & Cohen, New York City), for petitioners.

Olwine, Connelly, Chase, O'Donnell & Weyher, New York City, for Nat. Bank of North America.

Proskauer, Rose, Goetz & Mendelsohn, New York City, for S. D. Leidesdorf & Co.

Dewey, Ballantine, Bushby, Palmer & Wood, New York City, for Shearson Hayden Stone, Inc.

Before CLARK, Associate Justice, and LUMBARD and MESKILL, Circuit Judges.

PER CURIAM:

This class action is one of a number of federal securities laws actions that have arisen out of the financial collapse in 1972 of the Tidal Marine International Corporation, a commercial ship charterer. The defendants in this action, charged with helping to conceal Tidal Marine's poor financial condition, are the National Bank of North America ("NBNA"), which was Tidal Marine's commercial banker and a major lender to Tidal Marine in connection with ship...

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