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SEIDEN v. BUTCHER

No. 76 Civ. 666.

458 F.Supp. 81 (1978)

Murray SEIDEN, Plaintiff, v. Willard C. BUTCHER, David Rockefeller, J. Richardson Dilworth, Charles F. Barber, James H. Binger, John T. Connor, Theodore M. Hesburgh, William R. Hewlett, J. K. Jamieson, Ralph Lazarus, Robert D. Lilley, Leonor F. Loree, II, Charles F. Myers, Jr., John E. Swearingen, George A. Roeder, Jr., Coy G. Eklund, James L. Ferguson, Richard M. Furlaud, John Macomber, Edmund T. Pratt, Jr., J. Stanford Smith, Michael E. Carlson, Richard R. Shinn and the Chase Manhattan Corporation and the Chase Manhattan Bank, N. A., as derivative defendants, Defendants.

United States District Court, S. D. New York.

September 19, 1978.

Attorney(s) appearing for the Case

Ira Jay Sands, New York City, for plaintiff; Richard A. Bello, Michael S. Finz, New York City, of counsel.

Milbank, Tweed, Hadley & McCloy, New York City, for individual defendants; Edward J. Reilly, New York City, of counsel.

LASKER, District Judge.

The motion to dismiss the "Second Supplemental and Amended Complaint" is granted.

I.

Failure to Satisfy Rule 9(b)

Rule 9(b) of the Federal Rules of Civil Procedure requires that "[I]n all averments of fraud . . ., the circumstances constituting fraud . . . shall be stated with particularity." The allegations of fraud in the present complaint are so devoid of detail as to deprive the defendants

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