BRATTON v. SHIFFRIN

Nos. 77-2037, 77-2023.

585 F.2d 223 (1978)

Earl BRATTON et al., Plaintiffs-Appellants, v. Joel SHIFFRIN et al., Defendants-Appellees. Roger CHAPMAN and Jeanne Chapman, Individually and on behalf of all others similarly situated, Plaintiffs-Appellants, v. FIRST NATIONAL BANK OF HIGHLAND PARK, a National Banking Association, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided September 18, 1978.

Rehearing and Rehearing Denied January 11, 1979.


Attorney(s) appearing for the Case

Christopher A. Bloom, Thomas R. Meites, Chicago, Ill., for plaintiffs-appellants.

Martin W. Salzman, Chicago, Ill., for defendants-appellees.

Before SWYGERT, Circuit Judge, MOORE, Senior Circuit Judge, and BAUER, Circuit Judge.


Rehearing and Rehearing In Banc Denied January 11, 1979.

MOORE, Circuit Judge.

This appeal presents the question whether a private cause of action exists, either express or implied, under the Federal Aviation Act (FAA), 49 U.S.C. § 1301 et seq., against a bank that allegedly violated regulations of the Civil Aeronautics Board (CAB) governing charter tour deposits, and the officer of the bank who was to personally handle deposited funds. Contrary...

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